Patrick Orlando

ARC Global Investments, a major investor in Trump Media & Technology Group (NASDAQ:DJT), has drastically reduced its stake in the company. What Happened: According to a regulatory filing on Friday, ARC Global and its manager, Patrick Orlando, now hold a mere 0.01% stake in Trump Media, the...

The U.S. Securities and Exchange Commission has filed a lawsuit against Patrick Orlando, the former CEO of Digital World Acquisition Corp, the company that facilitated the public listing of Donald Trump‘s social media venture. The lawsuit, filed on Wednesday, alleges Orlando of committing...

Digital World Acquisition Corp. (NASDAQ: DWAC) shares were advancing in premarket trading on Wednesday as traders took stock of an announcement from the Donald Trump-linked Special Purpose Acquisition Company. What Happened: Digital World announced that it has terminated Patrick Orlando from...

A SPAC merger to bring Donald Trump’s media company and social media platform public has faced delays and setbacks and remains up in the air getting approval. A new report highlighted an investigation into the target company over money laundering. What Happened: In October 2021, Trump...

A SPAC set to take former President Donald Trump’s new media company public is facing another setback as it moves closer to liquidation. What Happened: Less than a month after failing to get shareholder approval to extend the vote on the merger of Digital World Acquisition Corporation (NASDAQ:...

A SPAC set to take Donald Trump’s media company public has been linked to troubles with finances and difficulties finalizing its merger. A filing reveals the company changed its mailing address and it could provide a hint of financial troubles. What Happened: Digital World Acquisition...

Digital World Acquisition Corporation (NASDAQ: DWAC), the SPAC that is set to merge with Donald Trump's company that owns the Truth Social platform, is reportedly facing pressure from investors amid its failure to complete the deal. What Happened: Investors who have committed...

A SPAC set to take former President Donald Trump’s new media company public could be facing another setback. Here’s the latest. What Happened: A shareholder vote for SPAC Digital World Acquisition Corporation (NASDAQ: DWAC) was delayed to October after failing to generate enough votes...

The merger between Digital World Acquisition Corporation (NASDAQ: DWAC), a special purpose acquisition company, and former President Donald Trump’s social media firm, Trump Media & Technology Group (TMTG), is reportedly on the tenterhooks.  What...

One of the best-performing stocks of 2021 was a SPAC merger between former President Donald Trump’s media company and the parent company of his social media platform, Truth Social. In 2022, however, the scenario has changed. Shares have fallen and could see further downside based on an...