Explainer-Why Trump's $1 billion capital raise was so popular

Explainer-Why Trump's $1 billion capital raise was so popular

Explainer-Why Trump's $1 billion capital raise was so popular

Information about Explainer-Why Trump's $1 billion capital raise was so popular

Kevin David Scam or Legit


NEW YORK (Reuters) – Former U.S. President Donald Trump’s new venture inked the second-largest ever private placement with convertible stock for a merger with a blank-check acquisition firm, according to SPAC Research, thanks to its unusually favorable terms and despite not having yet launched its social media app.
None of the 36 investors that participated this month in the $1 billion capital raise, many of them hedge funds and family offices, have revealed their identities. Many of them fretted about publicly associating with Trump, who was banned from Facebook and Twitter for encouraging the protests that preceded the Jan. 6 attack on the U.S. Capitol, sources have told Reuters.
The structure of the so-called private investment in public equity (PIPE) was atypically favorable to these investors, even though they could end up paying more than three times what investors in the blank-check acquisition firm’s initial public offering in September paid, according to industry experts.

Read More on Datafloq

Breaking Story – Explainer-Why Trump's $1 billion capital raise was so popular

The Latest News on Explainer-Why Trump's $1 billion capital raise was so popular

Source link
Category – Automation

Leave a Reply

Your email address will not be published. Required fields are marked *