DWAC - Digital World Acquisition: Trump Merger Could Close Next Week Bringing Volatility

2024-03-21 10:40:45 ET

Summary

• On Friday the 22th, Digital World will hold a meeting of shareholders to vote the merger with Trump Media.
• After this, the merger could be closed quickly and the resulting company with stock symbol DJT could commence trading on the Nasdaq next week.
• The potential media coverage could result in significant volatility and a large price movement.
• Over the long term, I simply do not see this company becoming a decent investment, but in the short term, traders could make money during upcoming events.

The Trump SPAC Digital World Acquisition Corp. ( DWAC ) is planning on merging with Trump Media & Technology Group. On Friday the 22th, DWAC will hold a meeting of shareholders to vote on the approval. This merger was already announced in 2021, but since then, it has finally received SEC approval . The merger could already happen next week.

After approval of its shareholders, shares of Digital World Acquisition Corp., currently traded on the Nasdaq, will trade under the symbol DJT, a reference to the initials of the former president. SPAC mergers usually close within a few days, so it is likely that the company will be trading as DJT already at the start of next week. Trump’s 90% stake in TMTG could theoretically be valued at more than $3 billion if DJT shares continue trading for the current DWAC share price....

For further details see: