Like many SPAC deals, the proposed merger of Digital World Acquisition and the Trump Media and Technology Group is complex, Forbes reports, which poses a risk to investors who do not understand SPACs. But this complexity is compounded by the fact that DWAC shares are trading as a meme stock with their own Reddit forum, r/DWAC. It is possible, however, to dig into the details of the deal and make some conjectures about the future of the DWAC/Trump Media merger and what that might mean for its stock price movements. Read more.
Related Posts
Audit Committees Urged to Keep Tabs on SPAC Reporting, Turnover
The US audit regulator, the Public Company Accounting Oversight Board, released a list of questions and topics that corporate boards should consider reviewing with their auditor.
CONX Corp. Prices $750M IPO
Shares will be listed on the Nasdaq and trade under the ticker symbol “CONXU” beginning today.
London SPAC to Test Shareholder Appetite for Lloyd’s of London Venture
The SPAC unveiled plans earlier this year to combine with London Innovation Underwriters and raise additional funds to deploy in the Lloyd's of London insurance market.
Strong Interest in SGX’s First SPACs But Still Too Early to Judge Performance
Oversubscription to the IPOs points to strong interest from retail and institutional investors.