Donald Trump Faces Possible Third Indictment: Will It Impact His 2024 Election Odds?
Portfolio Pulse from Chris Katje
Former President Donald Trump could face a third indictment related to the Jan. 6, 2021 Capitol riot. This development could potentially impact his 2024 election odds. The news has been met with mixed reactions from Trump's GOP challengers. Trump's legal troubles have been mounting, with two previous criminal indictments this year. The SPAC merger agreement between Trump Media & Technology Group and Digital World Acquisition Corporation (NASDAQ:DWAC) allows Trump to maintain ownership and control over the company even if he runs for public office or is convicted of a felony criminal offense. DWAC shares are trading at $13.61, up 3.26% on the day.
July 19, 2023 | 7:54 pm
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NEUTRAL IMPACT
The potential third indictment of Donald Trump could impact the stock price of Digital World Acquisition Corporation (NASDAQ:DWAC), the SPAC set to take Trump Media & Technology Group public. The SPAC merger agreement allows Trump to maintain control over the company even if he is convicted of a felony criminal offense.
The news of a potential third indictment for Trump could create uncertainty around his involvement with Trump Media & Technology Group and, by extension, DWAC. However, the SPAC merger agreement allows Trump to maintain control over the company even if he is convicted of a felony criminal offense, which could mitigate some of the potential negative impact on DWAC's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75