SPAC Tied to Trump’s Media Venture Seeks Wall Street Backing

Nov. 8, 2021, 8:27 PM UTC

The blank-check company tied to Donald Trump’s new media venture has already won the support of retail traders who have sent the stock up almost 500%. Now, big Wall Street investors are getting another opportunity to pile in, even as some financial firms have distanced themselves from doing business with the former U.S. president.

Digital World Acquisition Corp. has begun scheduling meetings with prospective investors for a private investment in public equity, or PIPE, transaction to support its merger with Trump Media & Technology Group, according to people with knowledge of the matter. While the PIPE’s terms haven’t been ...

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