How did Digital World acquisition (DWAC) perform in October?
Shares of Digital World Acquisition ( DWAC) surged 580.9% across October's trading, according to data from S&P Global Market Intelligence. The special purpose acquisition company (SPAC) rocketed higher after the announcement of a planned merger with a social media company backed by former President Donald Trump. DWAC data by YCharts.
Will digital world acquisition take a social media company backed by Trump?
Digital World Acquisition is on track to take a social media company backed by former President Trump public. The SPAC is generating excitement ahead of its planned merger with Trump Media & Technology Group. Shares of Digital World Acquisition ( DWAC) surged 580.9% across October's trading, according to data from S&P Global Market Intelligence.
How much did digital world acquisition & Trump Media & Technology Group make?
Digital World Acquisition and Trump Media & Technology Group (TMTG) published a press release and made a filing with the Securities and Exchange Commission (SEC) on Oct. 20, announcing that they had entered into a definitive merger agreement. The agreement between the companies valued TMTG at $875 million and the combined entity at $1.7 billion.
