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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 144 of 254

Trump Media's SPAC Merger Agreement

Actions
documentedThe merger agreement contemplated shares for pre-merger TMTG stockholders plus contingent earnout shares.U.S. Securities and Exchange CommissionRead record · 1 source
Outcomes
documentedThe companies completed the merger and the combined company began trading as Trump Media & Technology Group.U.S. Securities and Exchange CommissionRead record · 1 source
People and impacts
Who gained
  • Pre-merger TMTG stockholders
Who paid or was affected
  • Digital World public stockholders
Promise and assessment
The promise
documentedTMTG and Digital World announced a business combination intended to take the media company public.U.S. Securities and Exchange CommissionRead record · 1 source

Promise unresolved

The 2021 agreement created a public-market route for Trump's media company and later closed in 2024; the agreement did not guarantee the value of any shareholder's stake.

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