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  2. Digital World Acquisition Corp. - Wikipedia

    en.wikipedia.org/wiki/Digital_World_Acquisition...

    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.

  3. Trump's social media company will go public in a merger that ...

    www.aol.com/news/trump-windfall-could-top-3...

    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 ...

  4. SEC greenlights Trump’s Truth Social public offering - AOL

    www.aol.com/finance/sec-greenlights-trump-truth...

    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 ...

  5. DWAC stock spikes after merger with Trump's Truth Social ...

    www.aol.com/finance/dwac-shares-spike-merger...

    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 ...

  6. Exclusive-Trump's media deal partner nears $50 million ... - AOL

    www.aol.com/news/exclusive-trumps-media-deal...

    DWAC has been left with close to $300 million in funds it raised with its initial public offering in 2021, but that money is earmarked to go to TMTG once their merger gets completed.

  7. Trump Media & Technology Group - Wikipedia

    en.wikipedia.org/wiki/Trump_Media_&_Technology_Group

    A November 2023 DWAC financial disclosure expressed substantial doubt about TMTG's ability to meet its financial obligations, showing a $31.5 million loss since inception. [ 26 ] [ 27 ] [ 28 ] On November 21, 2023, TMTG filed a lawsuit seeking $1.5 billion in damages from 20 media outlets for falsely reporting a $73 million loss.

  8. Trump's social media company, trading under DJT, soars on ...

    www.aol.com/finance/trumps-truth-social-stock...

    Prior to the merger, DWAC had been on the public market since 2021. At Tuesday's closing price of $57.99, Trump Media had a market cap of around $8 billion.

  9. US SEC sues Digital World's former CEO alleging ... - AOL

    www.aol.com/news/us-sec-sues-digital-worlds...

    The SEC had said DWAC was found to have violated antifraud provisions of federal securities laws. The company had agreed to a cease-and-desist order and to pay an $18 million penalty if it closes ...