The SPAC, Special Purpose Acquisition Company, is a dormant financial tool- a shell company, existing only on paper.
DWAC was created w the help of ARC Capital, a China Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of Securities and Exchange Commission (SEC) investigations for misrepresenting shell corporations. Aka:Fraud.
Jeff Yass is the biggest institutional shareholder of SPAC DWAC that merged w Lies Social. Susquehanna International Group LLP, owner is the same GOP megadonor Jeff Yass.
The deal is to give fraudster, criminal defendant a massive financial lifeline.
Yass also co-owns Chinese company ByteDance, and is openly attempting to game the 2024 presidential election for himself, and has been talking with Trump a lot.
In conclusion, Yass' China based SPAC merged with a worthless, debt ridden maga message board company simply as a way for donors to funnel money to Donald without scrutiny.
