Digital World Acquisition Corp (DWAC) Stocks are trending – Here’s why?

Stocks for Digital World Acquisition Corp (DWAC) 

The DWAC stock is set to become Trump Media & Technology Group (TMTG). When DWAC Stock becomes TMTG, DWAC investors will automatically become shareholders in TMTG. While some reports state the merger is imminent, there is no set date yet.

The DWAC Stocks are trending as it ended last week up 4% and is now trading around $84.

Trump Media & Technology Group is located in Palm Beach, Florida, United States, and owns and operates social media platforms. The TMTG is the special purpose acquisition company set to take Donald Trump’s media empire public. And its crowning glory is its messaging app Truth Social, expected to rival Twitter and Facebook. During the presidency of Trump, his tweets were notorious and fans eagerly await his controversial return via Truth Social.

Last October, Digital World Acquisition Corp entered into a definitive merger agreement to acquire Trump Media & Technology Group for $1.3bn in stock and contingent pay-out via a reverse takeover.

Written by Maryam Nawaz

MPhil International Relations (Specialization in International Politics and Economy)

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