2023-07-10 17:36:23 ET
Digital World Acquisition Corp ( NASDAQ: DWAC ) said on Monday that it had appointed interim chief executive officer Eric Swider as permanent CEO, effective July 6, 2023.
The blank-check firm seeking to take former president Donald Trump's social media company public said that Swider has been serving as interim CEO since March 19, 2023.
"Today, we believe that TMTG remains the best option for the shareholders," said Swider in a statement .
On July 4, the company said it had reached an in-principle settlement with the SEC's Enforcement Division over an investigation into the SPAC's agreement to take Trump's social media company public.
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Trump SPAC Digital World appoints Eric Swider as permanent CEO