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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.
DWAC first began selling stock more than 13 months ago with shareholders, many of whom are Trump's political supporters, seeing the stock trade bounce between highs of well over $100 per share and ...
DWAC stock has been largely stuck in neutral for the past year, trading in the $13-$17 range. About a month ago, it began to climb sharply, much like a meme stock, more than doubling its price in ...
The DWAC stock opened up trading that day at $118.80 and finished around $67. Bucshon bought DWAC stock on Oct. 25, 2021, for anywhere between $1,000 and $15,000, according to a financial disclosure.
Share price and value. Following the merger of DWAC into TMTG, the merged company was listed on the NASDAQ stock market under the ticker symbol DJT, after Trump's initials. The share price of the company rose rapidly after the merger, reaching a price that gave the company a nominal value of $4.48bn.
As of DWAC’s opening share price Friday, that could value his stake at more than $3 billion. DWAC shares , which fell Friday but then surged again Monday, have more than doubled this year but ...
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, [4] it became a public company on March 26, 2024 after merging with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company. [5]
At Tuesday's closing price of $57.99, Trump Media had a market cap of around $8 billion. ... short interest in DWAC stock — bets that the stock price will fall rather than rise — was about 11% ...