SPAC planning merger with Trump Media jumps in premarket trade

Digital World Acquisition Corp. /zigman2/quotes/227703903/composite DWACU +0.36% jumped 44%, and its A-class shares /zigman2/quotes/229933747/composite DWAC +0.39% gained 30%, after announcing a plan to merge with Trump Media & Technology Group, which aims to launch a social-media platform backed by former President Donald Trump. The transaction values the Trump media group at an enterprise value of $875 million, the company said. What's called Truth Social is aiming for a beta launch in November, and Trump Media & Technology also is planning to launch "non-woke" entertainment programming, news and podcasts.

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Digital World Acquisition Corp.

US : U.S.: Nasdaq

$ 13.88

+0.05 +0.36%

Volume: 389.00

June 8, 2023 9:30a

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$479.27 million

Rev. per Employee

N/A

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Digital World Acquisition Corp. Cl A

US : U.S.: Nasdaq

$ 12.93

+0.05 +0.39%

Volume: 70,058

June 8, 2023 2:44p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$479.27 million

Rev. per Employee

N/A