Donald Trump Receives Approval for Controversial Wall Street Comeback
Former President Donald Trump has received approval from US regulators for a controversial merger, potentially marking his comeback to Wall Street. The merger between Trump Media & Technology Group and a blank-check company has been given the green light by the SEC, with Trump holding a substantial stake potentially worth billions. The approval has sparked optimism among investors, but concerns about the company’s valuation and the ability to convert paper wealth into cash remain.
SEC Implements Comprehensive Rules for SPAC Investor Protections
The Securities and Exchange Commission (SEC) has recently implemented comprehensive rules and amendments to strengthen investor protections within Special Purpose Acquisition Companies (SPACs) and their subsequent business combination transactions, commonly known as de-SPAC transactions. SPACs have gained significant traction as…