Special-purpose acquisition company Digital World Acquisition Corp (DWAC) has alerted potential investors that the man behind its prized product, former US President Donald Trump, has been associated with a long list of failed businesses ahead of a planned merger between the company and Trump Media & Technology Group.
DWAC, which has raised over $1 billion ahead of the deal, detailed the risks to investors in a merger document released on Monday ahead of the long-delayed merger. “A number of companies that were associated with President Trump have filed for bankruptcy,” the filing warns, mentioning Trump University, Trump Vodka, Trump Steaks, Trump Shuttle, and Trump Mortgage. TMTG ‘only’ lost about $59,000 last year, according to the filing.
Additionally, the company reminded those interested in owning a piece of the real estate…