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Digital World Acuisition Corp., tied to Donald Trump, falls 5% as publicly traded entity says it is facing a regulatory probe

·1 min read
Digital World Acuisition Corp., tied to Donald Trump, falls 5% as publicly traded entity says it is facing a regulatory probe
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  • DWACW

Digital World Acquisition ---more informally known as the special-purpose acquisition corp. tied to former president Donald Trump---said in a public filing on Monday that the Financial Industry Regulatory Authority and the Securities and Exchange Commission had requested information from it about its trading and communications with Trump entities before the announcement of a prospective SPAC deal two months ago. So-called DWAC, referring to its ticker symbol, "has received certain preliminary, f