Matt Levine’s Money Stuff: The Trump SPAC Is In Business (Correct)

DWAC S-4

Donald Trump’s social media company, Trump Media & Technology Group Corp., which runs the “Truth Social” app, plans to go public by merging with a special purpose acquisition company called Digital World Acquisition Corp., raising something like $1.3 billion. Today TMTG and DWAG filed the registration statement for their merger, a key step in actually making it happen.

You can read it — here it is — and of course I will discuss it, because it is funny and because that is what I do for a living. But in a sense there is no point in reading it. It ...