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The vote by DWAC shareholders comes about 2½ years after the so-called special purpose acquisition company announced plans to merge with Trump Media & Technology Group, the private firm that owns ...
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
DWAC shareholders are scheduled to vote on potential approval of the merger March 22. DWAC appears to have known this lawsuit might be coming, according to a Feb. 14 filing with the SEC.
After DWAC’s merger with Trump Media was made public in October 2021, the stock and warrant holdings significantly increased in value. The defendants and the individuals they tipped then sold ...
In anticipation of its merger with Trump Media, trading of DWAC shares had embodied the same kind of frenzy shown in Tupperware’s stock surge last July, or that of meme stocks AMC Entertainment ...
In October 2021, Trump announced that he had created TMTG through a SPAC merger with DWAC that they had entered into a merger agreement to make TMTG a publicly traded company and that they would create a social media company to rival Twitter.
NEW YORK (Reuters) -Digital World Acquisition Corp, the SPAC that plans to merge with former U.S. President Donald Trump's media and technology company, said this week it would return to investors ...
The SEC has cleared the merger of Trump Media & Technology Group (which owns Truth Social) and Digital World Acquisition Corp. (DWAC), a SPAC which plans to bring the company public. That could ...