Digital World Acquisition Corp Nears $50M Convertible Note Deal
Portfolio Pulse from Benzinga Newsdesk
Digital World Acquisition Corp (DWAC) is reportedly close to finalizing a deal involving a $50 million convertible note, according to Reuters.
February 08, 2024 | 8:21 pm
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Digital World Acquisition Corp is nearing a significant financial milestone with a $50 million convertible note deal.
The close of a $50 million convertible note deal for DWAC indicates a potential increase in financial flexibility and growth opportunities for the company. This could lead to positive investor sentiment and a potential short-term increase in stock price, given the influx of capital and the confidence it may signal in the company's future prospects.
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