Trump SPAC Digital World Acquisition ( NASDAQ: DWAC ), which is taking Trump's social media company, ticked up 21% after it announced an agreement with the video-sharing platform Rumble to support advertisements via Rumble Ads on Truth Social.
The incorporation of Rumble Ads will allow TMTG to host advertisements from verified businesses and organizations on Truth Social, according to a statement . Rumble is also going public through a SPAC deal with CF Acquisition Corp. IV ( NASDAQ: CFVI ). CFVI gained 0.5% .
Trump Media & Technology Group in December announced it entered into a wide-ranging technology and cloud services agreement with Rumble. As part of the partnership , Rumble delivers video and streaming for Truth Social.
Digital World Acquisition ( DWAC ) announced in late April that that Truth Social had migrated to Rumble's cloud infrastructure.
Rumble move closed to go public via SPAC CFVI ( CFVI ) when it announced earlier this month that its S-4 registration statement had been declared effective by the SEC. CFVI will hold a special meeting of its holders on Sept. 15 to vote on its combination with Rumble.
While Rumble's public debut is coming soon, it's still not clear when DWAC will be able to take Trump's social media company public. DWAC earlier this month asked holders to allow it to extend the date it needs to complete its merger by a year to Sept. 8, 2023. It also set a tentative date for a holder meeting for Sept. 6.
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Trump SPAC Digital World gains amid Rumble advertising agreement