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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.
Shareholders in Digital World Acquisition Corp. voted Friday to approve a merger with Donald Trump’s social media company, a deal that could net the former president an eventual windfall of $3 ...
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.
Greene is one of two members of Congress who disclosed buying shares in Digital World Acquisition Corp. She and Rep. Larry Bucshon, R-Ind., each bought stock in the company in October 2021, ...
At this stock price, and assuming no Digital World shareholders exercised the right to redeem their shares, the combined company would be worth about $10 billion and Trump would own a 58.1% stake ...
Meanwhile, the Trump Media & Technology Group was incorporated in February 2021, [2] and on September 3, 2021, Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company, began trading on the Nasdaq after its IPO of 25 million shares. [9]
Many SPAC (special purpose acquisition company) stocks have gone parabolic in the past year after announcing a deal. But few, if any, hold a candle to the blockbuster run Digital World Acquisition ...
In an age where polarization is king, Digital World Acquisition Corp. (NASDAQ:DWAC) stock makes a lot of sense. Source: iQoncept/ShutterStock.com The special purpose acquisition company (SPAC) has ...