DWAC - Trump-Linked Digital World Stock Is Surging Thursday: What's Going On? | Benzinga
Digital World Acquisition Corp (NASDAQ:DWAC) shares are trading higher Thursday after the company announced the U.S. Securities and Exchange Commission declared its registration statement on Form S-4 effective.
What Happened: Digital World said the SEC declared its registration statement effective for its proposed business combination with Trump Media & Technology Group, which owns alternative social platform Truth Social.
“Truth Social was created to serve as a safe harbor for free expression and to give people their voices back. Moving forward, we aim to accelerate our work to build a free speech highway outside the stifling stranglehold of Big Tech. I’d like to thank everyone who has believed in our mission and helped bring us to this moment,” said Devin Nunes, CEO of Trump Media & Technology Group.
Digital World said it expects to announce the date of the special meeting of shareholders in the coming days in which shareholders will ...