An investigation on behalf of investors in Digital World Acquisition Corp. (DWAC, DWACW) shares over potential wrongdoing at Digital World Acquisition Corp. was announced.
San Diego, CA — (SBWIRE) — 01/13/2022 — An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Digital World Acquisition Corp.
Investors who purchased shares of Digital World Acquisition Corp. (DWAC, DWACW) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Digital World Acquisition Corp. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On October 29, 2021, The New York Times published an article entitled “Trump’s $300 Million SPAC Deal May Have Skirted Securities Laws.” The article reported that Donald J. Trump’s efforts to take Trump Media & Technology Group public via a merger with DWAC, a special purpose acquisition company (“SPAC”), involved discussions of a merger with DWAC’s founder before DWAC itself went public. These discussions may have violated federal securities laws, which prohibit SPACs from planning mergers before conducting their initial public offerings.
NASDAQ: DWAC shares declined from $74.81 per share on October 29, 2021, to $60.50 per share on November 1, 2021, and NASDAQ: DWACW shares declined from $38.58 per share on October 28, 2021, to $26.06 per share on November 1, 2021.
Those who purchased shares of Digital World Acquisition Corp. (DWAC, DWACW) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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