Co-founder of Trump’s media company details Truth Social’s bitter infighting

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Publish Date:
October 15, 2022
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Source:
The Washington Post
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Summary

The Post asked three SPAC experts about whether a SPAC’s leadership knowing its target merger partner, and not disclosing it before filing its initial public offering document, known as a Form S-1, would violate SEC rules.

Michael Klausner, a Stanford University law professor, said it would violate SEC regulations and argued that “a failure to disclose the SPAC’s plans would be an end-around the IPO rules.”

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