Dwac Spac

Katherine Boyle

24 Oct, 2021

More than 470 million shares of DWAC. DWAC SPAC stock jumped 400 on news of Trump social media platform.

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DWAC is whats known as a SPAC or special purpose acquisition company.

Dwac spac. DWAC stock has risen an astounding 336 since this morning. 2021 IPO the DWAC SPAC raised 250 million by offering 25 million shares for 10 each. What is DWAC.

New social-media platform public on Thursday igniting a buying frenzy reminiscent of the SPAC craze from early this year. The SPAC Deal. There is a seemingly never-ending list of companies opting to make their market debuts through SPAC.

In fact this may already be working. The strategy which has become popular in recent years as a way to sidestep the typically onerous regulatory process of. If this post breaks the rules of rSPACs belongs in the Daily Weekend or Mega threads or is a duplicate post please downvote this comment.

Digital World Acquisition Corp. More than quadrupled to 44 in afternoon trading in the first trading session following the deal announcementTrump Media Technology Group said late Wednesday it would combine with the SPAC and soon launch a new social. Volume reflects consolidated markets.

In particular certain SPAC stocks have seen increased interest on the back of the recent DWAC stock moves. In one of the most shocking announcements of this current SPAC boom Trump Media Technology Group TMTG has struck an 875M deal to go public via Digital World Acquisition Corp DWAC. Im QualityVote and Im here to give YOU the user some control over YOUR sub.

Market Data powered by Barchart Solutions. At the time this story was published shares of the DWAC SPAC are already approaching the record for number of shares traded in one day. DWAC which surged more than 50 premarket to 15share chart DWAC metrics here.

Shares of DWAC peaked over 166 before settling to close the week at 94 by far the highest trading pre-close SPAC of all time. The transaction values Trump Media Technology Group at an initial enterprise value of 875 Million with a potential additional earnout of 825 Million in additional shares at the valuation they are granted for a cumulative valuation of up to 17 Billion depending on the performance of. If the post above contributes to the sub in a meaningful way please upvote this comment.

At the time of writing DWAC is up another 65 in Fridays. Shaw owned 8 of the SPAC or 24 million of shares while ARC Capital held a near 18 stake or 66 million shares. Among the other hedge funds listed in regulatory filings in September as major shareholders of DWAC DE.

Digital World Acquisition Corp. We are going to talk about this in this videoamc amcstock amcshortsqueezeDISCLAIMER. Investors in SPACs as a rule do not know the identity of the other firm that will be targeted for merger.

I AM NOT A FINANCIAL AD. Shaw owned 8 of the SPAC or 24 million of shares while ARC. Digital World Acquisition Corp.

10 or 15 minute delay CT. Trump Media Technology Group is merging with Digital World Acquisition NASDAQDWAC in a deal valuing the company at 875 million and up to. In case you thought meme stocks were dumb here comes DWAC.

By comparison 247 SPACs listed in. The SPAC proposition is no longer a new concept to investors as hundreds of companies have opted to go public via the assistance of a Special Purpose Acquisition Company SPAC. Among the other hedge funds listed in regulatory filings in September as major shareholders of DWAC DE.

On Thursday a SPAC deal was announced to bring a new social media platform and other businesses from former President Donald Trump to the public markets. Shares of the SPAC rose 357 on the news as retail traders piled in causing DWACs market capitalization to reach 15 billion. It is essentially a pot of money raised from investors with the intention of finding a private.

In its Sep. Whats going on with DWAC Spac. The SPAC is led by CEO and chairman Patrick.

Is a special-purpose acquisition company or SPAC. DWAC is a so-called special purpose acquisition company set up to raise capital in the public markets to purchase private firms. The SPAC which trades under the ticker DWAC had rocketed up more than 1200 since Wednesday with outsize volatility triggering at least 12 trading halts on Friday.

The company will go public via a SPAC merger with Miami-based Digital World Acquisition NASDAQ. Your vote determines the fate of this post. Fundamental data provided by Zacks and Morningstar.

15 20 minute delay Cboe BZX is real-time ET. Investors in SPACs as a rule do not know the identity of the other firm that will be targeted for merger. Plus the SPAC IPO is back.

The proposed merger between Trump Media and DWAC will see the two companies combine and trade under the name Trump Media Technology Group TMTG. In 2021 a total of 486 SPACs have debuted in the US raising 1358 billion in the process according to SPAC Research. The SPACs sponsors commented this on the deal.

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