Digital World Acquisition Corp., the SPAC buying Trump Media, jumps again

1 month ago 11

Digital World Acquisition Corp. DWAC, +356.83%, the peculiar intent acquisition institution merging with the recently formed Trump Media & Technology Group, was flirting with $70 per stock successful aboriginal premarket trade, which would correspond a emergence of much than 50%. The SPAC jumped 357% to $45.40 connected Thursday, pursuing the announcement. At $70, DWAC would person a marketplace capitalization of astir $2 billion. The Digital World transaction values Trump Media astatine an archetypal $875 million, for a institution which plans to rotation retired a beta mentation of a social-media level adjacent month, and subsequently nutrient "non-woke" quality shows, amusement and podcasts.

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