SEC Settlement Propels DWAC; Regions Financial Q2 Earnings Meet Estimates
- July 21st, 2023
- 433 views
Shares of Digital World Acquisition Corp. (Nasdaq: DWAC) surged more than 15% after settling fraud charges with the SEC. The charges were related to material misrepresentations made in forms filed during DWAC's initial public offering and its planned merger with Trump Media & Technology Group Corp. (TMTG).
As part of the settlement, DWAC agreed to a cease-and-desist order and an $18 million penalty, contingent on a merger transaction closure. The company also committed to ensuring future filings are accurate and consistent with the SEC's order.
The settlement clears the path for DWAC's planned merger with TMTG.
$DWAC was trading at $16.00 in pre-market, up $2.64 (+19.76%)
In other news, Regions Financial Corporation (NYSE: RF) released its financial results for the second quarter of 2023, reporting earnings per share (EPS) of $0.59, meeting the consensus estimate. The company's revenue for the same period stood at $1.957 billion, slightly surpassing analysts' expectations of $1.95 billion.
On Thursday, $RF closed at $20.35, reflecting an increase of $0.33 (+1.65%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Tags
Post Your Comments
Want To Find Some News?
Recent Posts
-
Countdown to Earnings: Nutanix, CrowdStrike, and Synopsys on Deck
August 23rd, 2026Investors Eye Semtech, Intuit, and nCino as Earnings Loom
August 22nd, 2026FTC Files Amicus Brief to Protect Competition in Biologic Drug Markets
August 21st, 2026
Member Login