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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.
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 March 26, 2024 after merging with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company.
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 ...
Digital World Acquisition Corp. (DWAC) said Wednesday that the agency declared the registration statement for its merger with Trump Media & Technology Group (TMTG) to be effective.… SEC approves ...
Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. Multiply that by Digital World’s ...
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 ...
To facilitate becoming a publicly traded company, a special-purpose acquisition company (SPAC) called Digital World Acquisition Corp (DWAC) was created with the help of ARC Capital, a Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of SEC investigations for misrepresenting shell ...
Shareholders in the shell company Digital World Acquisition Corp. (DWAC) agreed Friday to merge into Trump Media. The newly combined company will trade on the Nasdaq exchange under the stock ...