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With rate hike fears knocking stocks across the board, even Digital World Acquisition (NASDAQ:DWAC) stock has taken hit. Source: rafapress / Shutterstock However, unlike other meme plays, DWAC ...
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 stock has been largely stuck in neutral for the past year, trading in the $13-$17 range. About a month ago, it began to climb sharply, much like a meme stock, more than doubling its price in ...
At Tuesday's closing price of $57.99, Trump Media had a market cap of around $8 billion. ... short interest in DWAC stock — bets that the stock price will fall rather than rise — was about 11% ...
The DWAC stock opened up trading that day at $118.80 and finished around $67. ... Josephs noted that Bucshon could have lost up to $8,900 with the stock price tanking.
But few, if any, hold a candle to the blockbuster run Digital World Acquisition Corp (NASDAQ:DWAC) stock went on after announcing its plans to merge with former President Donald Trump’s social ...
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.
DWAC first began selling stock more than 13 months ago with shareholders, many of whom are Trump's political supporters, seeing the stock trade bounce between highs of well over $100 per share and ...