On August 9, 2023, Digital World Acquisition Corp Announced Its Entry Into A Second Amendment To The Agreement And Plan Of Merger
Portfolio Pulse from Charles Gross
Digital World Acquisition Corp (DWAC) has announced a second amendment to its merger agreement, which includes issuing a new class of common stock to Trump Media & Technology's company principal. This new class will have equivalent voting, dividend, liquidation, and other rights as one share of DWAC Class A common stock.
August 09, 2023 | 9:28 pm
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NEUTRAL IMPACT
The announcement of a second amendment to the merger agreement and the issuance of a new class of common stock could potentially impact DWAC's stock price.
The announcement of a second amendment to the merger agreement and the issuance of a new class of common stock could potentially impact DWAC's stock price. The impact could be positive or negative depending on how investors perceive the changes. The issuance of new shares could dilute existing shareholders' equity, but it could also bring in new capital that could be used for growth.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100