(Bloomberg) — The value of Donald Trump’s stake in his media startup may have shrunk since going public through a blank-check merger, but on paper, it’s still worth a lot. The question for the former president is, should he decide to sell, how much he could actually extract. Most Read from Bloomberg At its peak […]
(Bloomberg) — A rocky start for Trump Media & Technology Group Corp. shares has wiped out $4.5 billion in market value in just a couple of weeks. But it will have to lose a lot more than that to put at risk the massive special bonus due to the former president and his corporate insiders. […]
(Bloomberg) — One of the three investors charged with insider trading in connection with the listing vehicle that took Donald Trump’s media company public intends to change his not-guilty plea in the case less than a month before a federal court trial is set to begin. Most Read from Bloomberg US District Judge Lewis J. […]
(Bloomberg) — Some investors in the blank-check firm taking Donald Trump’s nascent media company public voluntarily took a 75% loss by pulling out of the deal. Most Read from Bloomberg Nearly 5,000 Digital World Acquisition Corp. shares were redeemed for $10.87 each ahead of a vote to approve the special-purpose acquisition company’s deal to take […]
(Bloomberg) — Former president Donald Trump is set to get a big payday — on paper at least — after investors voted to approve a blank-check deal that would bring his nascent media startup public as soon as next week. Most Read from Bloomberg The approval, announced in a press release Friday after an earlier […]
(Bloomberg) — The company planning to take Trump Media & Technology Group public sued to force its biggest investor, ARC Global Investments II, to vote in favor of the deal before a critical deadline this week. Most Read from Bloomberg The suit, filed in New York state court Tuesday, is the latest legal battle between […]
(Bloomberg) — After Digital World Acquisition Corp.’s wild surge Monday, some options traders are betting shares may double within days. Most Read from Bloomberg Options volume in the stock has soared in the past two sessions, with a record number of contracts having already changed hands this week. Meanwhile, shares of the firm — a […]
From 2020 through 2022, about 950 companies went public via special purpose acquisition companies (SPACs). Quite frankly, many of them went public at ridiculous valuations and had no clear paths to profitability. In fact, according to an index that tracks completed SPAC mergers, the typical companies that went public through this method fell by nearly […]
(Bloomberg) — Investors are swarming back into the blank-check firm seeking to take Donald Trump’s social media company public, as the former president cements his place as the Republican frontrunner for the party’s 2024 nomination. Most Read from Bloomberg Digital World Acquisition Corp. has surged more than 175% over a six-day winning streak as shares […]
Digital World Acquisition Corp. (NASDAQ:DWAC) has rallied over 50% since former President Donald Trump’s win in Iowa, and it’s up another 10% in the premarket trading session today, Monday, January 22. Trump won the Iowa caucus by a record margin of about 30 points, according to CNBC, with Ron Desantis coming in second, Nikki Haley in third, and Vivek Ramaswamy […]