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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.
At this stock price, and assuming no Digital World shareholders exercised the right to redeem their shares, the combined company would be worth about $10 billion and Trump would own a 58.1% stake ...
March 25, 2024 at 10:59 AM. Charly Triballeau. Donald Trump's media company is set to make its debut on the stock market Tuesday, a development that could generate a windfall for the cash-strapped ...
Alexandra Canal. March 27, 2024 at 1:24 PM. Trump Media & Technology Group ( DJT) soared 14% on Wednesday in its second day of trading on the Nasdaq ( ^IXIC ). The parent company of Donald Trump's ...
Trump Media & Technology Group Corp. (TMTG) is an American media and technology company majority-owned by former U.S. president Donald Trump.Founded by Andy Litinsky and Wes Moss in 2021, it became a public company on 26 March 2024 after merging with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company.
Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday. Shareholders of Digital World Acquisition ...
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