Elon Musk with $250 Billion Fortune Clarifies He is Not Donating $45 Million a Month to Ex-United States President Donald Trump Election Campaign, Media Report by Wall Street Journal of $45 Million Donation is Not True, Elon Musk Donating Lower Amount to a Super Political Action Committee (PAC) or America PAC Which are Independent Political Organizations
26th July 2024 | Hong Kong
Elon Musk with $250 billion fortune clarifies that is he is not donating $45 million a month to ex-United States President Donald Trump election campaign, stating that a media report by Wall Street Journal of Elon Musk $45 million donation is not true. Elon Musk is donating a lower amount to a Super Political Action Committee (PAC) or America PAC which are independent political organizations. On 13th July 2024, the ex-United States President & billionaire with $6 billion fortune Donald Trump was shot in his ear at a Presidential election campaign rally in Pennsylvania (United States) on by a 20-year old Thomas Crooks with 1 person killed & 2 critically injured. After the assassination attempt on Donald Trump, Tesla founder & billionaire Elon Musk was reported to have pledged to give $45 million a month to a pro-Donald Trump super political-action committee, and publicly endorsed Donald trump on 14th July 2024 (I fully endorse President Trump and hope for his rapid recovery). In 2024 July, Donald Trump was found guilty by a New York Court jury (30/5/24) for falsifying $130,000 payment information to influence the United States 2016 election in a non-disclosure money payment to a porn actress (Stormy Daniels). Before, during and after the court trial & verdict, Donald Trump has been and is claiming the New York Court trial is rigged, and is expected to appeal the verdict. The New York judge is expected to sentence Donald Trump on the 11th July 2024. Donald Trump is running for election as President of United States with election date on 5th November 2024. In 2024 May, Donald Trump’s Trump Media & Technology Group (23/5/24: $7.8 billion market value) reported $328 million losses for 2024 Q1. In March 2024, SPAC Digital World Acquisition Corp shareholders approved the $6 billion (22/3/24 current market value) merger with Donald Trump Media & Technology Group which operates Truth Social Platform, with Donald Trump owning 58% of the merged entity valued at $3.5 billion. In May 2024, Donald Trump owns more than 64% of Trump Media & Technology Group after receiving an additional 36 million shares of Trump Media & Technology Group valued at $1 billion. In late March 2024, Donald Trump Media & Technology Group which operates Truth Social Platform $6 billion SPAC merger had increased to $8.39 billion market value in the 1st week of trading (26th to 28th March 2024).
“ Elon Musk with $250 Billion Fortune Clarifies He is Not Donating $45 Million a Month to Ex-United States President Donald Trump Election Campaign, Media Report by Wall Street Journal of $45 Million Donation is Not True, Elon Musk Donating Lower Amount to a Super Political Action Committee (PAC) or America PAC Which are Independent Political Organizations “
Ex-United States President & Billionaire with $6 Billion Fortune Donald Trump Shot in the Ear at Campaign Rally in Pennsylvania (United States) on 13th July 2024 by 20-Year Old Thomas Crooks with 1 Person Killed & 2 Critically Injured, Tesla Founder & Billionaire Elon Musk Pledged to Give $45 Million a Month to Pro-Donald Trump Super Political-Action Committee & Endorsed Donald Trump
19th July 2024 – The ex-United States President & billionaire with $6 billion fortune Donald Trump was shot in his ear at a Presidential election campaign rally in Pennsylvania (United States) on 13th July 2024 by a 20-year old Thomas Crooks with 1 person killed & 2 critically injured. After the assassination attempt on Donald Trump, Tesla founder & billionaire Elon Musk pledged to give $45 million a month to a pro-Donald Trump super political-action committee, and publicly endorsed Donald trump on 14th July 2024 (I fully endorse President Trump and hope for his rapid recovery). In 2024 July, Donald Trump was found guilty by a New York Court jury (30/5/24) for falsifying $130,000 payment information to influence the United States 2016 election in a non-disclosure money payment to a porn actress (Stormy Daniels). Before, during and after the court trial & verdict, Donald Trump has been and is claiming the New York Court trial is rigged, and is expected to appeal the verdict. The New York judge is expected to sentence Donald Trump on the 11th July 2024. Donald Trump is running for election as President of United States with election date on 5th November 2024. In 2024 May, Donald Trump’s Trump Media & Technology Group (23/5/24: $7.8 billion market value) reported $328 million losses for 2024 Q1. In March 2024, SPAC Digital World Acquisition Corp shareholders approved the $6 billion (22/3/24 current market value) merger with Donald Trump Media & Technology Group which operates Truth Social Platform, with Donald Trump owning 58% of the merged entity valued at $3.5 billion. In May 2024, Donald Trump owns more than 64% of Trump Media & Technology Group after receiving an additional 36 million shares of Trump Media & Technology Group valued at $1 billion. In late March 2024, Donald Trump Media & Technology Group which operates Truth Social Platform $6 billion SPAC merger had increased to $8.39 billion market value in the 1st week of trading (26th to 28th March 2024).
Ex-United States President & Billionaire with $7.2 Billion Fortune Donald Trump Found Guilty by New York Court Jury for Falsifying $130,000 Payment Information to Influence United States 2016 Election in Non-Disclosure Money Payment to a Porn Actress, Donald Trump Claims the New York Court Trial is Rigged & is Expected to Appeal the Verdict, New York Judge to Sentence Donald Trump on 11th July 2024, Donald Trump is Running for Election as President of United States with Election Date on 5th November 2024
7th June 2024 – The ex-United States President & billionaire with $7.2 billion fortune Donald Trump has been found guilty by a New York Court jury (30/5/24) for falsifying $130,000 payment information to influence the United States 2016 election in a non-disclosure money payment to a porn actress (Stormy Daniels). Before, during and after the court trial & verdict, Donald Trump has been and is claiming the New York Court trial is rigged, and is expected to appeal the verdict. The New York judge is expected to sentence Donald Trump on the 11th July 2024. Donald Trump is running for election as President of United States with election date on 5th November 2024. In 2024 May, Donald Trump’s Trump Media & Technology Group (23/5/24: $7.8 billion market value) reported $328 million losses for 2024 Q1. In March 2024, SPAC Digital World Acquisition Corp shareholders approved the $6 billion (22/3/24 current market value) merger with Donald Trump Media & Technology Group which operates Truth Social Platform, with Donald Trump owning 58% of the merged entity valued at $3.5 billion. In May 2024, Donald Trump owns more than 64% of Trump Media & Technology Group after receiving an additional 36 million shares of Trump Media & Technology Group valued at $1 billion. In late March 2024, Donald Trump Media & Technology Group which operates Truth Social Platform $6 billion SPAC merger had increased to $8.39 billion market value in the 1st week of trading (26th to 28th March 2024).
Donald Trump $7.8 Billion Trump Media & Technology Group Reports $328 Million Losses for 2024 Q1, SPAC Digital World Acquisition Corp Shareholders Approved $6 Billion Merger in 2024 March with Donald Trump Media & Technology Group Which Operates Truth Social Platform
23rd May 2024 – Donald Trump’s Trump Media & Technology Group (23/5/24: $7.8 billion market value) has reported $328 million losses for 2024 Q1. In March 2024, SPAC Digital World Acquisition Corp shareholders approved the $6 billion (22/3/24 current market value) merger with Donald Trump Media & Technology Group which operates Truth Social Platform, with Donald Trump owning 58% of the merged entity valued at $3.5 billion. In May 2024, Donald Trump owns more than 64% of Trump Media & Technology Group after receiving an additional 36 million shares of Trump Media & Technology Group valued at $1 billion. In late March 2024, Donald Trump Media & Technology Group which operates Truth Social Platform $6 billion SPAC merger had increased to $8.39 billion market value in the 1st week of trading (26th to 28th March 2024).
Donald Trump Owns More than 64% of Trump Media & Technology Group after Receiving Additional 36 Million Shares of Trump Media & Technology Group Valued at $1 Billion, $6 Billion SPAC Merger Had Increased to $8.39 Billion Market Value in 1st Week of Trading in March 2024, Donald Trump Personal Fortune Increased to $6.5 Billion & Joined Top 500 Richest in the World
3rd May 2024 – Donald Trump owns more than 64% of Trump Media & Technology Group after receiving an additional 36 million shares of Trump Media & Technology Group valued at $1 billion. In late March 2024, Donald Trump Media & Technology Group which operates Truth Social Platform $6 billion SPAC merger had increased to $8.39 billion market value in the 1st week of trading (26th to 28th March 2024). With the SPAC merger, Donald Trump personal fortune increased to $6.5 billion and joined the top 500 richest in the world. In March 2024, SPAC Digital World Acquisition Corp shareholders had approved the $6 billion (22/3/24 current market value) merger with Donald Trump Media & Technology Group which operates Truth Social Platform, with Donald Trump owning 58% of the merged entity valued at $3.5 billion. Earlier in March 2024, Trump Media & Technology Group had been sued by co-founders United Atlantic Ventures for trying to dilute shares (Trump Media & Technology Group) before planned $4 billion SPAC merger (Special Purpose Acquisition Company) with Digital World Acquisition Corp. United Atlantic Ventures was founded by former The Apprentice contestants Andy Litinsky and Wes Moss, who pitched the idea of creating Trump Media in February 2021 after former United States President Donald Trump was banned from Twitter (now X) and Facebook. Digital World Acquisition Corp. shareholders are scheduled to vote on the potential approval of the merger on 22nd March 2024. In 2023, Digital World Acquisition Corp had cancelled plan to merge with Donald Trump Media & Technology Group which operates Truth Social platform after investors backtrack on $467 million of $533 million commitment for the deal. In July 2023, the United States Securities & Exchange Commission (SEC) fined Digital World SPAC (special purpose acquisition company) $18 million for failing to disclose plan to acquire Trump Media & Technology Group Corp (Founded by former United States President Donald Trump) prior to Digital World SPAC IPO (Initial Public Offering) in 2021. More info below:
Donald Trump to Receive Additional 36 Million Shares of Trump Media & Technology Group Valued at $1 Billion, $6 Billion SPAC Merger Had Increased to $8.39 Billion Market Value in 1st Week of Trading in March 2024, Donald Trump Personal Fortune Increased to $6.5 Billion & Joined Top 500 Richest in the World
28th April 2024 – Donald Trump will be receiving an additional 36 million shares of Trump Media & Technology Group valued at $1 billion. In late March 2024, Donald Trump Media & Technology Group which operates Truth Social Platform $6 billion SPAC merger has increased to $8.39 billion market value in the 1st week of trading (26th to 28th March 2024). With the SPAC merger, Donald Trump personal fortune has increased to $6.5 billion and joins the top 500 richest in the world. In March 2024, SPAC Digital World Acquisition Corp shareholders had approved the $6 billion (22/3/24 current market value) merger with Donald Trump Media & Technology Group which operates Truth Social Platform, with Donald Trump owning 58% of the merged entity valued at $3.5 billion. Earlier in March 2024, Trump Media & Technology Group had been sued by co-founders United Atlantic Ventures for trying to dilute shares (Trump Media & Technology Group) before planned $4 billion SPAC merger (Special Purpose Acquisition Company) with Digital World Acquisition Corp. United Atlantic Ventures was founded by former The Apprentice contestants Andy Litinsky and Wes Moss, who pitched the idea of creating Trump Media in February 2021 after former United States President Donald Trump was banned from Twitter (now X) and Facebook. Digital World Acquisition Corp. shareholders are scheduled to vote on the potential approval of the merger on 22nd March 2024. In 2023, Digital World Acquisition Corp had cancelled plan to merge with Donald Trump Media & Technology Group which operates Truth Social platform after investors backtrack on $467 million of $533 million commitment for the deal. In July 2023, the United States Securities & Exchange Commission (SEC) fined Digital World SPAC (special purpose acquisition company) $18 million for failing to disclose plan to acquire Trump Media & Technology Group Corp (Founded by former United States President Donald Trump) prior to Digital World SPAC IPO (Initial Public Offering) in 2021. More info below:
Donald Trump Media & Technology Group $6 Billion SPAC Merger Increased to $8.39 Billion Market Value in 1st Week of Trading, Donald Trump Personal Fortune Increases to $6.5 Billion & Joins Top 500 Richest in the World
30th March 2024 – Donald Trump Media & Technology Group which operates Truth Social Platform $6 billion SPAC merger has increased to $8.39 billion market value in the 1st week of trading (26th to 28th March 2024). With the SPAC merger, Donald Trump personal fortune has increased to $6.5 billion and joins the top 500 richest in the world. In March 2024, SPAC Digital World Acquisition Corp shareholders had approved the $6 billion (22/3/24 current market value) merger with Donald Trump Media & Technology Group which operates Truth Social Platform, with Donald Trump owning 58% of the merged entity valued at $3.5 billion. Earlier in March 2024, Trump Media & Technology Group had been sued by co-founders United Atlantic Ventures for trying to dilute shares (Trump Media & Technology Group) before planned $4 billion SPAC merger (Special Purpose Acquisition Company) with Digital World Acquisition Corp. United Atlantic Ventures was founded by former The Apprentice contestants Andy Litinsky and Wes Moss, who pitched the idea of creating Trump Media in February 2021 after former United States President Donald Trump was banned from Twitter (now X) and Facebook. Digital World Acquisition Corp. shareholders are scheduled to vote on the potential approval of the merger on 22nd March 2024. In 2023, Digital World Acquisition Corp had cancelled plan to merge with Donald Trump Media & Technology Group which operates Truth Social platform after investors backtrack on $467 million of $533 million commitment for the deal. In July 2023, the United States Securities & Exchange Commission (SEC) fined Digital World SPAC (special purpose acquisition company) $18 million for failing to disclose plan to acquire Trump Media & Technology Group Corp (Founded by former United States President Donald Trump) prior to Digital World SPAC IPO (Initial Public Offering) in 2021. More info below:
SPAC Digital World Acquisition Corp Shareholders Approve $6 Billion Merger with Donald Trump Media & Technology Group Which Operates Truth Social Platform, Donald Trump Owns 58% of Merged Entity Valued at $3.5 Billion
23rd March 2024 – SPAC Digital World Acquisition Corp shareholders have approved the $6 billion (22/3/24 current market value) merger with Donald Trump Media & Technology Group which operates Truth Social Platform, with Donald Trump owning 58% of the merged entity valued at $3.5 billion. Earlier in March 2024, Trump Media & Technology Group had been sued by co-founders United Atlantic Ventures for trying to dilute shares (Trump Media & Technology Group) before planned $4 billion SPAC merger (Special Purpose Acquisition Company) with Digital World Acquisition Corp. United Atlantic Ventures was founded by former The Apprentice contestants Andy Litinsky and Wes Moss, who pitched the idea of creating Trump Media in February 2021 after former United States President Donald Trump was banned from Twitter (now X) and Facebook. Digital World Acquisition Corp. shareholders are scheduled to vote on the potential approval of the merger on 22nd March 2024. In 2023, Digital World Acquisition Corp had cancelled plan to merge with Donald Trump Media & Technology Group which operates Truth Social platform after investors backtrack on $467 million of $533 million commitment for the deal. In July 2023, the United States Securities & Exchange Commission (SEC) fined Digital World SPAC (special purpose acquisition company) $18 million for failing to disclose plan to acquire Trump Media & Technology Group Corp (Founded by former United States President Donald Trump) prior to Digital World SPAC IPO (Initial Public Offering) in 2021. More info below:
Trump Media & Technology Group Sued by Co-Founders United Atlantic Ventures for Trying to Dilute Shares Before Planned $4 Billion SPAC Merger with Digital World Acquisition Corp
10th March 2024 – Trump Media & Technology Group had been sued by co-founders United Atlantic Ventures for trying to dilute shares (Trump Media & Technology Group) before planned $4 billion SPAC merger (Special Purpose Acquisition Company) with Digital World Acquisition Corp. United Atlantic Ventures was founded by former The Apprentice contestants Andy Litinsky and Wes Moss, who pitched the idea of creating Trump Media in February 2021 after former United States President Donald Trump was banned from Twitter (now X) and Facebook. Digital World Acquisition Corp. shareholders are scheduled to vote on the potential approval of the merger on 22nd March 2024. In 2023, Digital World Acquisition Corp had cancelled plan to merge with Donald Trump Media & Technology Group which operates Truth Social platform after investors backtrack on $467 million of $533 million commitment for the deal. In July 2023, the United States Securities & Exchange Commission (SEC) fined Digital World SPAC (special purpose acquisition company) $18 million for failing to disclose plan to acquire Trump Media & Technology Group Corp (Founded by former United States President Donald Trump) prior to Digital World SPAC IPO (Initial Public Offering) in 2021. More info below:
SPAC Digital World Acquisition Corp Cancels Plan to Merge with Donald Trump Media & Technology Group Which Operates Truth Social Platform after Investors Backtrack on $467 Million of $533 Million Commitment for the Deal, United States SEC Fined Digital World SPAC $18 Million for Failing to Disclose Plan to Acquire Trump Media & Technology Group Corp Prior to Digital World SPAC IPO in 2021 Requirements to Investors
21st October 2023 – SPAC Digital World Acquisition Corp has cancelled plan to merge with Donald Trump Media & Technology Group which operates Truth Social platform after investors backtrack on $467 million of $533 million commitment for the deal. In July 2023, the United States Securities & Exchange Commission (SEC) fined Digital World SPAC (special purpose acquisition company) $18 million for failing to disclose plan to acquire Trump Media & Technology Group Corp (Founded by former United States President Donald Trump) prior to Digital World SPAC IPO (Initial Public Offering) in 2021. More info below:
Digital World is a blank check company incorporated in December 2020 for the purpose of effecting a business combination with one of more companies. Digital World completed an Initial Public Offering in September 2021 and entered into a definitive merger agreement with TMTG in October 2021.
Trump Media & Technology Group (TMTG) is a social media and technology company. TruthSocial, TMTG’s first product, is a high-growth social media platform and a Big Tech alternative that encourages an open, free, and honest global conversation without discriminating on the basis of political ideology.
United States SEC Fines Digital World SPAC $18 Million for Failing to Disclose Plan to Acquire Trump Media & Technology Group Corp Prior to Digital World SPAC IPO in 2021
21st July 2023 – The United States Securities & Exchange Commission (SEC) has fined Digital World SPAC (special purpose acquisition company) $18 million for failing to disclose plan to acquire Trump Media & Technology Group Corp (Founded by former United States President Donald Trump) prior to Digital World SPAC IPO (Initial Public Offering) in 2021. United States SEC: “The Securities and Exchange Commission today announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering and proposed merger with Trump Media & Technology Group Corp. (TMTG). The Commission finds that DWAC misled investors and the SEC by failing to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG prior to DWAC’s IPO. The purpose of a SPAC is to identify and acquire an operating business. As such, steps taken by a SPAC in furtherance of a particular acquisition are important to investors. According to the SEC’s order, DWAC filed an amended Form S-1 in support of its IPO in early September 2021 that stated that neither DWAC nor its officers and directors had had any discussions with any potential target companies prior to the IPO. But, as found in the SEC’s order, dating back to February 2021, an individual who would later become DWAC’s CEO and Board Chairman, and others involved with DWAC, had extensive SPAC merger discussions with TMTG. The SEC’s order further finds that, while DWAC’s CEO and Chairman initially pursued these discussions with TMTG on behalf of another SPAC, he created a plan in the spring and summer of 2021 to potentially use DWAC to pursue a merger with TMTG and used this plan to solicit certain pre-IPO investors. The order also finds that DWAC failed to disclose that the CEO had a potential conflict of interest based on an agreement he had signed with TMTG. As a result, DWAC’s amended Form S-1 was materially false and misleading.” Gurbir S. Grewal, Director o the United States SEC’s Division of Enforcement: “DWAC failed to disclose its discussions with TMTG and failed to disclose a material conflict of interest of its CEO and Chairman. In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions.” Digital World is a blank check company incorporated in December 2020 for the purpose of effecting a business combination with one of more companies. Digital World completed an Initial Public Offering in September 2021 and entered into a definitive merger agreement with TMTG in October 2021. Trump Media & Technology Group (TMTG) is a social media and technology company. See below for United States SEC statement.
United States SEC Fines Digital World SPAC $18 Million for Failing to Disclose Plan to Acquire Trump Media & Technology Group Corp Prior to Digital World SPAC IPO in 2021
- SEC Charges Digital World SPAC for Material Misrepresentations to Investors
20th July 2023 – The Securities and Exchange Commission today announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering and proposed merger with Trump Media & Technology Group Corp. (TMTG). The Commission finds that DWAC misled investors and the SEC by failing to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG prior to DWAC’s IPO.
The purpose of a SPAC is to identify and acquire an operating business. As such, steps taken by a SPAC in furtherance of a particular acquisition are important to investors. According to the SEC’s order, DWAC filed an amended Form S-1 in support of its IPO in early September 2021 that stated that neither DWAC nor its officers and directors had had any discussions with any potential target companies prior to the IPO. But, as found in the SEC’s order, dating back to February 2021, an individual who would later become DWAC’s CEO and Board Chairman, and others involved with DWAC, had extensive SPAC merger discussions with TMTG. The SEC’s order further finds that, while DWAC’s CEO and Chairman initially pursued these discussions with TMTG on behalf of another SPAC, he created a plan in the spring and summer of 2021 to potentially use DWAC to pursue a merger with TMTG and used this plan to solicit certain pre-IPO investors. The order also finds that DWAC failed to disclose that the CEO had a potential conflict of interest based on an agreement he had signed with TMTG. As a result, DWAC’s amended Form S-1 was materially false and misleading.
The SEC’s order further states that, in a later Form S-4 filed with the Commission following the announcement of the proposed merger with TMTG, DWAC mischaracterized and omitted information about the history of its interactions with TMTG.
The SEC’s order finds that DWAC violated the antifraud provisions of the federal securities laws. DWAC agreed to a cease-and-desist order and to pay an $18 million penalty in the event it closes a merger transaction. It also agreed to undertake that, should DWAC file an amended Form S-4, any such Form S-4 will be materially complete and accurate and consistent with the findings in the SEC’s order.
The SEC’s investigation was conducted by Andrew McFall, David Bennett, and Darren Boerner of the Market Abuse Unit and Lindsay S. Moilanen of the New York Regional Office. The case was supervised by Joseph Sansone of the Market Abuse Unit and Thomas P. Smith, Jr. of the New York Regional Office.
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