- A $1.0 billion PIPE convertible preferred stock financing deal was announced last week.
- Trump and his partners would receive new stock worth $7.14 billion, using the latest DWAC stock price of $56.
- DWAC public shareholders would receive approximately 13.8% of the stock in the merged company, using the latest DWAC stock price.
- The potential number of shares under the conversion of the preferred stock is very complex and could impact who controls the company.
- A limited amount of financial projections were included in their recent 8-K filing.
For further details see:
DWAC: Another Boring Legal Update On The SPAC Deal With Trump