Posted on 10/22/2021 4:27:15 PM PDT by Coronal
Two early investors in blank-check company Digital World Acquisition Corp. (DWAC.O) sold their holdings as news emerged that it was merging with former President Donald Trump's new media venture.
Hedge fund manager Boaz Weinstein, who runs Saba Capital Management, and Lighthouse Investment Partners, said they had exited without giving a precise time for the sales or price at which they cashed out.
"I knew that for Saba the right thing was to sell our entire stake of unrestricted shares, which we have now done," Weinstein said in a statement. The firm sold on Thursday.
Lighthouse said on Friday that it had also sold.
"Lighthouse was not aware of the pending merger and no longer holds unrestricted shares of the SPAC," the firm said in a statement.
(Excerpt) Read more at reuters.com ...
Al Reuters...
Will they attack Trump and say he’s trying to control elections with his new company ? LOL
If the merger is successful, it’s gonna go to the first layer of the atmosphere. Then I can buy more Gamestop to head to the moon faster.
Don’t forget GMEs little brother, AMC fellow ape.
I can’t wait to see Bezos deplatformed, hopefully right out of space.
I wonder if they sold at 10 or $14 a share, and I wonder if they have any regrets now that it’s at $100 and higher.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.