As of March 25, 2024, Digital World Acquisition Corp. was acquired by Trump Media & Technology Group Corp., in a reverse merger transaction. Digital World Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify on technology-focused companies in the SaaS and technology, or fintech and financial services sector in the Americas. The company was incorporated in 2020 and is based in Miami, Florida.
$DWAC. I’ve been perplexed on how this SPAC and the tie in with TMTG is going to coalesce. This time line is ticking fast!!! One year before liquidation at $10 is put. No business model, no operations, no staff… blah blah blah… Orlando has the worst track record of any SPAC guy on de-SPACing… check out $BKKT pure junk. The only SPAC that has done anything I think is $DKNG
$DWAC. This is going to come down hard. It’s still $100 from all time high and this basing in the stock price hasn’t solved anything as to the actual business. This is probably a pump for the PIPE folks. I thought “shorting against the box” was illegised by the regulators but as with anything there probably is a way to work around that.