Shares Of Digital World Acquisition Drop 4.6% After Co, Trump's Media Firm Add New Termination Clause To Merger Deal
Portfolio Pulse from Benzinga Newsdesk
Shares of Digital World Acquisition Corp. (DWAC) fell by 4.6% following the addition of a new termination clause to the merger deal with Trump's media firm. This clause allows either party to terminate the deal under certain conditions.
October 02, 2023 | 1:42 pm
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The addition of a new termination clause to the merger deal between DWAC and Trump's media firm has led to a 4.6% drop in DWAC's share price.
The new termination clause introduces an element of uncertainty into the merger deal between DWAC and Trump's media firm. This uncertainty is likely the cause of the drop in DWAC's share price, as investors may be concerned about the potential for the deal to be terminated.
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