Here's How Much Marjorie Taylor Greene May Have Lost Investing In Donald Trump's SPAC Deal
Portfolio Pulse from Chris Katje
Congresswoman Marjorie Taylor Greene's investment in Digital World Acquisition Corporation (NASDAQ:DWAC), the SPAC planning to merge with Trump Media & Technology Group, has significantly decreased in value. Greene bought between $15,001 and $50,000 worth of DWAC shares at an average price of $94.20 in October 2021. However, the SPAC's shares have fallen 45% over the past year due to setbacks and investigations delaying the merger. If the deal is not finalized by the deadline, the SPAC may have to liquidate shares at net asset value, closer to the $10 level.
August 14, 2023 | 12:31 pm
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Digital World Acquisition Corporation's shares have fallen 45% over the past year due to setbacks and investigations delaying the merger with Trump Media & Technology Group. If the deal is not finalized by the deadline, the SPAC may have to liquidate shares at net asset value.
The setbacks and investigations into the merger between DWAC and Trump Media & Technology Group have negatively impacted the SPAC's share price. If the deal is not finalized by the deadline, the SPAC may have to liquidate shares at net asset value, which would further decrease the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100