Why Trump-Related SPAC Digital World Acquisition Is Dropping
Portfolio Pulse from Erica Kollmann
Digital World Acquisition Corp. (NYSE:DWAC) shares are trading lower following the resignation of the company's auditor, Marcum, LLP. The auditor's previous reports did not contain any adverse opinions, except for a concern about the company's ability to continue as a going concern. DWAC also faces challenges related to the indictment of former President Donald Trump, who is associated with the company.
August 04, 2023 | 11:49 am
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Digital World Acquisition Corp. (NYSE:DWAC) is facing challenges due to the resignation of its auditor and the indictment of former President Donald Trump. These events have led to a drop in the company's share price.
The resignation of the company's auditor, Marcum, LLP, raises concerns about the company's financial health. Additionally, the indictment of former President Donald Trump, who is associated with the company, adds legal and reputational risks. These factors have led to a drop in the company's share price.
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