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Trump Media & Technology Group Corp. ( TMTG) is a Sarasota, Florida based, American media and technology company best known as the owner of Truth Social and for being primarily owned by former U.S. president Donald Trump. It also plans to launch a subscription based streaming service called TMTG+. [ 4]
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
With DWAC stock having risen in anticipation of this event to more than $42 per share, and Trump the largest holder with $79 million shares, he could soon find himself owning $3 billion in equity ...
TMTG stock gained 118% in the last 12 months. Price Action: DJT shares are trading higher by 7.12% to $29.63 premarket at last check on Monday. Disclaimer: ...
An amendment of TMTG's deal with DWAC last August called for unwinding the PIPE and gave Trump new shares in DWAC with more voting power. DWAC has been left with close to $300 million in funds it ...
The stock fell 15% this morning after the company announced that it might sell 146.1 million shares, plus former President Donald Trump’s stake, which includes 114.8 million shares.
There are a couple reasons. First, as a recap: Trump Media and Technology Group (TMTG) recently merged with Digital World Acquisition Corp. in a SPAC, the ill-starred financial instrument that ...
Following the merger of DWAC into TMTG, the merged company was listed on the NASDAQ stock market under the ticker symbol DJT, after Trump's initials. [20] The share price of the company rose rapidly after the merger, reaching a price that gave the company a nominal value of $4.48bn. [ 186 ]