Trump’s SPAC Investors Do Not Know What They Are Buying

<p>Traders still cannot purchase shares of Trump’s company, the Trump Media and Technology Group. Instead, they have to acquire stock in a SPAC — essentially just a pile of cash — with the understanding that it will merge with Trump’s group and therefore give them a stake in the combined entity. But they have no clue how many shares will exist in the company after the merger, which means they don’t know what percentage of the venture they are actually buying.</p>