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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.
Chamath Palihapitiya (born 3 September 1976) [1] is a Sri Lankan-born Canadian and American venture capitalist, engineer, SPAC sponsor, and the founder and CEO of Social Capital. Palihapitiya was an early senior executive at Facebook , working at the company from 2007 to 2011.
The esports and gaming media company announced plans Monday to combine with a special purpose acquisition company (SPAC) in a deal to become a publicly traded entity — giving it an implied value ...
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 ...
Microsoft co-founder Bill Gates and Amazon founder Jeff Bezos have also invested in nuclear plants in recent years. “I don’t see a way for us to get there without nuclear,” Altman told CNBC ...
I've written several articles about SPAC (special purpose acquisition companies) stocks that recently announced their target merger deals. This week we'll examine four more SPACs that just ...
April 7, 2022 at 10:25 AM
The deal with Founder SPAC will provide Rubicon with up to $432 million in gross proceeds - about $321 million from the special purpose acquisition company's (SPAC) trust account and $111 million ...