The Washington Post reports that Truth Social has the Securities and Exchange Commission’s go-ahead to complete its SPAC merger, taking the company public and unlocking around $300 million after years of uncertainty. But don’t worry, there’s still plenty of drama:
A federal prosecution of three early Digital World investors, who investigators said made tens of millions of dollars in insider trades related to the merger deal, is also scheduled to go to trial in April. In a superseding indictment filed last week in federal court, prosecutors added a charge of money laundering to one investor, Michael Shvartsman, saying he used some of his profits to buy a $14 million luxury yacht he later renamed “Provocateur.”
[The Washington Post]











