DWAC

The US SEC sues former DWAC CEO Patrick Orlando for allegedly misleading investors about his company's plans for a SPAC merger with Trump's social media company

Bloomberg :

TMTG co-founder Andy Litinsky, testifying as a witness in an insider trading case, says Trump nearly derailed the DWAC deal in October 2021, before signing on

Matthew Goldstein / New York Times :

Trump Media & Technology Group closed up 16% at $57.99 per share in its Nasdaq debut, valuing the unprofitable company at $7.9B, following the merger with DWAC

Trump Media & Technology Group shares jumped up to 58% to hit $78.80 on its trading debut before the Nasdaq briefly halted trading, following the DWAC merger

- Trump Media & Technology Group operates Truth Social  — Deal provides a windfall on paper for the former president

Donald Trump's Truth Social is going public via a SPAC merger after DWAC shareholders approved the move; TMTG will be listed on the Nasdaq as early as next week

Dan Primack / Axios :

Donald Trump's Truth Social is going public via a SPAC merger after DWAC shareholders approved the move; TMTG will be listed on the Nasdaq as early as next week

- As Axios reported earlier today, this ends a multiyear saga that's included civil lawsuits, criminal lawsuits, closing extensions and vote postponements.

A look at Trump Media & Technology Group, which lacks a product, users, publicly identified executives, and revenue, and its merger with DWAC, valued at $1.85B

much less a profitable one. TMTG went public by merging w/a SPAC, Digital World. That transaction netted Trump about $300 million https://popular.info/... See also Mediagazer