Digital World Acquisition shares are trading higher following a report suggesting the company reached an $18 million settlement with the SEC to end the investigation into its merger with Truth Social.
Portfolio Pulse from Benzinga Newsdesk
Digital World Acquisition Corp. (DWAC) shares are trading higher after the company reportedly reached an $18 million settlement with the SEC, ending the investigation into its merger with Truth Social.
July 05, 2023 | 3:01 pm
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POSITIVE IMPACT
The settlement of the SEC investigation into DWAC's merger with Truth Social is likely to boost investor confidence, leading to a short-term increase in DWAC's stock price.
The settlement of the SEC investigation removes a significant legal hurdle for DWAC, potentially boosting investor confidence and leading to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100