Hi, everybody. I'm Brittany Lewis, a breaking news reporter here at Forbes.

Joining me now is my Forbes colleague, staff writer Zach Everson.

Zach, thanks so much for coming in.

Thanks for having me back, Brittany.

Senior leaders from Trump Media and Technology Group, which we know is Truth Socials

at parent company,

launched a new SPAC according to your reporting. So to kick off the conversation, can you

explain what exactly the purpose of a SPAC is? Sure. That is a blank check company. So essentially

it's just the shell company that opens up, launches, registers with the SEC, says,

we're going to take investor money, we're going to buy something.

We don't know what exactly.

Here's some industries we might be looking at.

We're not beholden to picking from them.

You know, buy our stock.

And then when we do go to merge with this company, you will own some of the subsequent merged company.

So it's the same process that took Trump Media to market, which I think we recorded a dozen

videos about because there were a lot of problems with that.

But if people remember, that was where the SPAC company, the Blychech company was called

Digital World Acquisition Corp, and it formed, people could buy stock in that,

and then it merged with Trump Media.

And we are going to talk about that saga in just a second, because you and I covered that

for over two years.

...