Digital World Acquisition Corp. (DWAC) shareholders have officially approved the company’s merger with Trump Media & Technology Group. Axios Business Editor Dan Primack joins Yahoo Finance Live to discuss the future of Truth Social following the deal’s completion. Primack notes that Trump is set to receive $3.5 billion in stock value. However, he clarifies that […]
Tag: DWAC
DWAC Stock Reverses Lower After Shareholders Approve Trump Media Merger
Shareholders of Digital World Acquisition (DWAC), the special purpose acquisition taking former President Donald Trump’s tech and social-media platform public, approved Friday the long-awaited merger with Trump Media & Technology Group. DWAC shares fell after the vote. X DWAC stockholders voted in favor of the special purpose acquisition company’s merger with Trump Media Friday. Meanwhile, […]
Trump eyeing $3B stake as DWAC votes on merger
After over two years of negotiations, Digital World Acquisition Corp. (DWAC) is set to vote on a merger agreement with Trump Media & Technology Group, owner of the Truth Social platform. If this deal is approved, former President Donald Trump will acquire a 58% stake in the combined entity, valued at over $3 billion. For […]
DWAC Stock: Donald Trump Needs Cash And The Trump Media Merger Vote Is Friday
Shareholders of Digital World Acquisition (DWAC), the special purpose acquisition company aiming to take former President Donald Trump’s tech and social-media platform public, are scheduled Friday to vote on the long-awaited merger with Trump Media & Technology Group. DWAC shares surged Wednesday. X DWAC stockholders are currently set to hold a meeting Friday to approve […]
The wild probe into investors of DWAC, Trump Media’s proposed merger ally
In October 2021, former president Donald Trump announced that his media company, the owner of the platform Truth Social, had sealed an incredible deal: a merger with a “special purpose acquisition company” that would deliver to his firm $300 million toward his promise of giving “a voice to all.” By then, however, the insider trading […]
This Is The Ultimate Donald Trump Stock: Is DWAC A Buy After New Hampshire Win?
Donald Trump is one of the world’s most famous businessmen, but his companies have usually been privately held. Now investors have the chance to throw their lot in with the former president of the United States through Digital World Acquisition (DWAC). But Truth Social has a tough task as it competes with X, owned by […]