Former President Donald Trump's forthcoming digital media platform and its SPAC partner say they have entered into subscription agreements to raise an estimated $1 billion from investors.
. While the identity of the investors remains unknown, the funding will function as"PIPE" investments, or private investments in public equity.
"$1 billion sends an important message to Big Tech that censorship and political discrimination must end," Trump said in a statement."America is ready for TRUTH Social, a platform that will not discriminate on the basis of political ideology."
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