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America First Audit

He said it in public. These are the documents on what happened next. Browse all records.

Why these cases

Trump sold “America First.” This record traces how public money, power, and risk moved toward family businesses, donors, favored firms, and foreign governments: and what workers, ranchers, retirees, patients, veterans, and small investors were left to absorb.

Said vs. done

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Case 145 of 254

Digital World PIPE Financing Commitment

Actions
documentedPIPE investors entered agreements to purchase convertible preferred stock at the merger closing.U.S. Securities and Exchange CommissionRead record · 1 source
People and impacts
Who gained
  • The proposed combined Digital World-TMTG company
Who paid or was affected
documentedThe filing described unidentified institutional accredited investors as the prospective funding source.Open cited record
  • PIPE investors
Promise and assessment
The promise
documentedDigital World and TMTG announced that a PIPE would help fund the combined media business.U.S. Securities and Exchange CommissionRead record · 1 source

Promise unresolved

The announced PIPE was committed capital conditioned on a future merger closing, not cash received by Trump Media on December 4, 2021.

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