DWAC, the Trump Social-Media SPAC, Quadruples



Traders on Thursday piled into shares of the special-purpose acquisition firm taking former President Donald Trump’s new social-media platform public, igniting a shopping for frenzy paying homage to the SPAC craze from early this 12 months.

Shares of Digital World Acquisition Corp. greater than quadrupled to $45.50 within the first buying and selling session following the deal announcement. Trump Media & Know-how Group mentioned late Wednesday it could mix with the SPAC and shortly launch a brand new social community referred to as Fact Social. The deal values the Trump media firm at about $875 million, together with debt.



DWAC, the Trump Social-Media SPAC, Quadruples Source link DWAC, the Trump Social-Media SPAC, Quadruples

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