Trump Media and Technology Group granted Nasdaq listing for multi-billion dollar wager on potential second Trump presidency

Surprise Trump-DWAC Merger Values TMTG at $1.1 Billion, Igniting Interest in Digital Media Landscape”.

In a surprise move, Digital World Acquisition (DWAC) shareholders have approved the merger with Trump Media & Technology Group, the company behind Donald Trump’s Truth Social platform. The merger values TMTG at an enterprise value of approximately $1.1 billion at a transaction price of $10, making it one of the largest deals in the de-SPAC market. This acquisition is seen as a bet on Trump’s potential return to politics and his influence on the digital media landscape.

Despite recent concerns about de-SPACs, DWAC’s stock has surged by 111% year-to-date and closed at $36.94 on Friday, well above the pre-merger offer price. The company originally went public in September 2021 with a focus on technology investments but quickly pivoted to become more politically engaged after Trump launched Truth Social in February 2022.

The approval of the merger marks an important step in creating a new force in the digital media landscape, with investors closely watching for any developments following the deal. With Trump involved in the venture, this highly anticipated event adds complexity and interest to the world of SPACs and digital media.

Leave a Reply

Top Companies to Work for in Argentina Previous post Creating a Prideful Workplace: GPTW Rankings of the Best Places to Work in Argentina Highlight Key Takeaways for Employers
Partnership between Andelyn Biosciences and Grace Science to Enhance GS-100 Next post Breakthrough Collaboration Between Grace Science and Andelyn Biosciences Brings Us One Step Closer to a Cure for NGLY1 Deficiency