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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

DWAC

Digital World Acquisition Corp. /zigman2/quotes/229933747/composite DWAC +28.10% , 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.

/zigman2/quotes/229933747/composite
US : U.S.: Nasdaq
$ 65.42
+14.35 +28.10%
Volume: 28.61M
Dec. 8, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.90 billion
Rev. per Employee
N/A
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