"As a smaller reporting company, we are not required to include risk factors in this Report. However, below is a partial list of material risks, uncertainties and other factors that could have a material effect on the Company and its operations:

* we are a blank check company with no revenue or basis to evaluate our ability to select a suitable business target;

* we may not be able to select an appropriate target business or businesses and complete our initial business combination in the prescribed time frame;

So you have a "blank check" company with no revenue and a market cap of $1.5 billion (based on what I have no idea) that is established to acquire Truth Social... a social media platform with [cue Dr Evil voice] "600 thooouuuusand users".... for up to $3.5 billion. The board of DWAC is evaluating possibly waiving the 6 month lock-up period allowing Trump to dump his shares sooner.

Yep, seems totally legit and not a grift at all. Invest away.