Trump's Truth Social to Go Public Via SPAC Despite Risks

• Donald Trump's social media company, Truth Social, is planning to go public via a merger with a SPAC (special purpose acquisition company) • The deal will raise $240 million for the cash-strapped Truth Social and value it at $6.3 billion • Trump will own a $4.1 billion stake in the company, but can't sell for 6 months due to a lock-up period • Trump faces financial issues - he was fined $500 million and needs to put up a bond while appealing, with trouble finding backers • History shows most SPACs lose value after going public, meaning risks for investors in the overvalued Truth Social