Digital World Acquisition stock sees wild swings as SPAC reiterates plans to merge with Donald Trump's Truth Social despite SEC probe
Digital World Acquisition stock sees wild swings as SPAC reiterates plans to merge with Donald Trump's Truth Social despite SEC probe
05/11/24, 1:08 PM
Location
miamiIndustry
social media management
social media marketing
social media
Amid significant stock price fluctuations, Digital World Acquisition stock experienced a 12% jump after reiterating its intent to merge with Truth Social, despite facing an expanded probe by the SEC. The SEC's investigation seeks additional information about communications company insiders had with Truth Social and other acquisition targets, raising uncertainty about the planned merger.
Company Info
Location
78 sw 7th street
Miami, Florida, United States
Company info
Digital World Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While we may pursue an initial business combination target in any business or industry, we intend to focus on combining with a leading tech company.