What's Going On With Digital World Acquisition Stock Ahead Of Vote On Merger With Trump Media & Technology Group?
Portfolio Pulse from Erica Kollmann
Digital World Acquisition Corp. (NASDAQ:DWAC) shares dipped slightly after a significant rise, in anticipation of a vote on its merger with Trump Media & Technology Group (TMTG). Approval of the merger will make TMTG a wholly owned subsidiary of Digital World, which will then be renamed Trump Media & Technology Group Corp. The merger could grant Trump Media access to 87.5 million shares immediately and an additional $30 million in shares if the stock remains above $17.50 for 20 trading days.
March 21, 2024 | 6:39 pm
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Digital World Acquisition Corp. (DWAC) is facing a pivotal moment with the upcoming vote on its merger with Trump Media & Technology Group, which could significantly impact its stock value.
The anticipation of the merger vote is a critical event for DWAC, as approval could lead to a substantial increase in stock value given the potential access to 87.5 million shares and additional financial benefits if the stock price remains stable. The slight dip in stock price reflects market uncertainty, but the overall potential for growth post-merger is significant.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100