DWAC had opened the trading day at $44.20 per share, but quickly tumbled on the heels of the vote. By the market close, DWAC shares were selling for $36.94 per share, a drop of $5.87, or 13.71%.

The world of special purpose acquisition corporation (SPAC) mergers is about to heat up in a big way. Digital World Acquisition Corp. (NASDAQ:DWAC) is now set to officially merge with Trump Media & ...

Trump Media Technology Group, the parent company of Truth Social, is facing fresh controversy as ARC Global Investments, a ...

Patrick Orlando, a major shareholder in Trump Media & Technology Group (TMTG), sells nearly his entire stake amid ongoing legal and financial struggles.

DWAC was created with the sole purpose of buying other private companies. DWAC’s involvement with Donald Trump is through the newly formed Trump Media & Technology Group. The former US President ...

DWAC is what's known as a Special Purpose Acquisition Company (Spac). Spacs are hyped as a way to speed up the often slow process of taking a private company public. In simple terms, it means ...

Jim Chanos ramped up his bet on Tesla shares to tumble, and placed wagers against a raft of meme stocks, cryptocurrency companies, and high-flying technology names last quarter. The famed short ...