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Oct. 22, 2021, 5:09 a.m. EDT

Digital World Acquisition Corp., the SPAC buying Trump Media, jumps again

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By Steve Goldstein


Digital World Acquisition Corp. /zigman2/quotes/229933747/composite DWAC +1.01% , the special purpose acquisition company merging with the newly formed Trump Media & Technology Group, was flirting with $70 per share in early premarket trade, which would represent a rise of more than 50%. The SPAC jumped 357% to $45.40 on Thursday, following the announcement. At $70, DWAC would have a market capitalization of roughly $2 billion. The Digital World transaction values Trump Media at an initial $875 million, for a company which plans to roll out a beta version of a social-media platform next month, and subsequently produce "non-woke" news shows, entertainment and podcasts.

US : U.S.: Nasdaq
$ 46.21
+0.46 +1.01%
Volume: 1.50M
May 17, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$1.70 billion
Rev. per Employee

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