- Trump Media & Technology Group CEO Devin Nunes on Monday raised concerns about the Securities and Exchange Commission trying to nix a prospective merger that would allow the company to get listed on the stock exchange and raise capital to expand.
- Nunes raised the concern on the “Just the News, No Noise” TV show, pointing out SEC Chairman Gary Gensler was the CFO for the Hillary Clinton presidential campaign
“We’re a privately held company,” Nunes said. “We’ve been attempting to merge with a finance company. It’s a well known mechanism. The stockholders, the shareholders have voted overwhelmingly to stay involved in this. We have said ‘Look, we’d like to get this deal completed.’ But it just goes nowhere. And it makes no sense.”
- The company wants to merge with Digital World Acquisition Corp., and such approvals should take a few months, not a full year, Nunes also said.