Dubai’s SHUAA Capital Files with SEC for Potential SPAC Listing on Nasdaq

This would represent a rare deal involving a U.S.-listed SPAC and a Middle Eastern company.

Digital World in July settled SEC charges that it misled the public by failing to disclose that it had formulated a plan to acquire Trump’s company prior to the SPAC’s IPO. Digital World will have to pay an $18 million penalty if the deal closes, the SEC said.