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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 ...
Those shareholders helped the stock of Digital World more than double this year in anticipation of the merger going through. Truth Social launched in February 2022, one year after Trump was banned ...
Trump Media & Technology Group Corp. ( TMTG) is an American media and technology company majority-owned and founded by former U.S. president Donald Trump. it became a public company on March 26, 2024 after merging with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company. [4] The company is based in Sarasota, Florida.
March 25, 2024 at 1:59 PM. 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 ...
February 15, 2024 at 2:44 PM. The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and the blank-check company attempting to take his ...
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