DWACW - Digital World Acquisition Shareholders Are Celebrating A String Of Victories
2024-01-23 07:17:41 ET
Summary
- Digital World Acquisition stock soared 88% on January 22.
- DWAC and Trump's media company are finally getting closer to completing their merger.
- The very expensive $1.1 billion PIPE financing deal that could have caused massive dilution has been terminated.
Digital World Acquisition ( DWAC ) ( DWACU ) ( DWACW ) stock soared over the last few weeks because of a string of victories for this SPAC that is planning to merge with Donald Trump's Trump Media and Technology Group - TMTG. Is DWAC trading as an investment security or is it instead trading as a proxy for supporting Trump? There seems to be a disconnect between the current and potential future operating results for TMTG and the current DWAC stock price. In my prior DWAC articles I always tried to concentrate just on the financial issues, but this article will also include a limited amount of political discussion that directly impacts investors. I am keeping my "hold" recommendation because there are just too many issues that could have a negative impact on the stock....
Digital World Acquisition Shareholders Are Celebrating A String Of Victories