Foreign Trump Media Merger partner D Wack settles with the SEC over fraud charges. Remember, Dwac is a SPAC play a special purpose acquisition company kind of a it is a blank check. It's an entity that's a pile of cash that did all the paperwork to be traded and it's just another way for private companies to go public. True Social Trump's version of Twitter.

That's basically they were looking at this back to bring them to the public market, but it's just been having a large uphill battle with the SEC Digital World acquisition. Corp The company aiming to take Donald Trump's social Media platform public settled fraud charges with the SEC. Dwac was ordered to pay 18 million civil penalty fee in the event that it executes a final merger and takes Trump Media and Technology Group public. The settlement with Dwac is the latest in a growing list of legal problems that have ensnared Trump and his businesses.

So we take a look at D-wac on the daily chart. Because of the recent legal battles, it's been a massive of downtrend, but as you can see on this announcement that some of them were settled not long ago it was trading just below 13. a little bit past that it was trading in the mid-12s now trading at 22. As I'm saying this, it is currently up 69 percent Nice.

Obviously this is just a positive Catalyst and people are most likely viewing it as maybe just maybe the D-wac Truth Social Merger will actually happen bringing it to the public markets. I Mean obviously there's some bullish optimism. Will it play out? I Don't know. Will it go the exact opposite way I Don't know.

that's why I'm coming to you I Would love to get your thoughts and opinions on it.