(NASDAQ: DWAC) (“DWAC”) announced a definitive merger agreement with TMTG on October 20, 2021. Upon a successful merger completion, DWAC shareholders will become shareholders in the public company TMTG.
Similarly, How do I invest in DWAC stock?
How To Buy DWAC
- Find a reliable broker. Don’t worry, it’s easy and free to open a brokerage account. …
- Fund your new account. You’ll need to transfer money into your new brokerage account before you can buy the stock. …
- Search for DWAC on the brokerage app or site. …
- Buy the stock.
Is DWAC overvalued? There are still many unknowns around TRUTH Social’s expected margins, cash burn rate, and average revenue per user. At a current market cap of over $15 billion as a pre-revenue company, I believe DWAC is significantly overvalued.
Thereof, Can I buy TMTG stock?
Investors wanting to buy shares of TMTG stock can follow the same process as buying any stock, which begins with the selection of a brokerage firm. The investor may then open a trading account, such as a standard brokerage account or a retirement account like an IRA.
Is DWAC a SPAC stock?
DWAC is a so-called special purpose acquisition company, and like other SPACs was created with no underlying business other than to raise capital from the public stock markets with a goal of identifying another company to merge with or buy with that money within a period or two years or less.
What kind of stock is DWAC?
DWAC stock is a special purpose acquisition company, or SPAC. The purpose of the DWAC SPAC is to raise funds for Trump Media Technology Group (TMTG), a social media company led by Donald Trump.
Can DWAC stock be shorted?
Unless investors currently own or are shorting DWAC stock, now is a risky time to buy and an expensive time to short. For those who currently own the stock, it may be wise to sell before the merger, and shares could be bought again post-VWAP period.
What is SPAC DWAC stock trading at today?
Cl A Stock Quote (U.S.: Nasdaq) | MarketWatch.
…
$ 49.10.
| Close | Chg | Chg % |
|---|---|---|
| $49.04 | 0.91 | 1.89% |
Why did DWAC go up?
According to Bloomberg, DWAC had the highest short borrowing costs of any stock in the fourth quarter, at 86%. These costs put a cap on how much the short sellers can push the price down. All these factors are causing DWAC’s current elevated share price, now above $70.
Why did DWAC stock go down?
What’s it all mean for DWAC stock? Shares suffered a punishing decline on Monday on the combination of the Musk/Twitter news and reports that several Truth Social employees are leaving the company.
What happens to DWAC stock after merger?
They will hit the market once the stock trades over $30 per share for any 20 consecutive days out of 30 after the merger closes. On top of this, the $16 billion valuation will be 19 times 2024 projected revenue of $835 million.
What is TMTG stock at?
TMTG-USD – The Midas Touch Gold USD
| Previous Close | 0.002909 |
|---|---|
| Open | 0.002909 |
| Day’s Range | 0.002851 – 0.002957 |
| 52 Week Range | 0.001167 – 0.015114 |
| Start Date | 2018-09-27 |
Is TMTG a public company?
TMTG is a private company and there is almost no public information about its business, finances, executives, etc. In October, TMTG announced a merger with a special purpose acquisition company (SPAC) called Digital World Acquisition Corp.
What is the Midas Touch Gold?
What is DWAC and SPAC?
Like many special purpose acquisition company (SPAC) deals, the proposed merger of Digital World Acquisition Corp. (DWAC) and the Trump Media and Technology Group is complex, which poses a risk to investors who do not understand SPACs.
When did DWAC stock go public?
Since its IPO on Sep 3, DWAC stock has rocketed as high as 1,650% thanks in large part to the Oct 21 announcement that it plans to merge with Donald Trump’s nascent Trump Media & Technology Group, an operation that has released literature planning multimedia market domination but is so far only still on the cusp of …
How many shares of DWAC are there?
Share Statistics
| Avg Vol (3 month) 3 | 5.19M |
|---|---|
| Shares Outstanding 5 | 30.03M |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | N/A |
| % Held by Insiders 1 | 0.00% |
How many shares are there of DWAC?
Share Statistics
| Avg Vol (3 month) 3 | 5.34M |
|---|---|
| Avg Vol (10 day) 3 | 3.01M |
| Shares Outstanding 5 | 30.03M |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | N/A |
What is the float on DWAC?
Range: 2022-04-14 09:23:42 to 2022-04-14 20:05:17. The chart has 1 Y axis displaying values. Range: 46 to 52.
…
Digital World Acquisition Corp. Cl A.
| Volume | 5.55M |
|---|---|
| Short Interest | 3.73M (03/31/22) |
| Short Interest Change | 3.73M |
| Percent of Float | 12.92% |
Whats the difference between DWAC and Dwacu?
Recall that DWAC is the Class A share ticker symbol of Digital World Acquisition Corp, while DWACU is the same equity, but with half a warrant attached. The latter shares are up less, which is a bit odd. Regardless, DWAC now sports a market cap of around $4.7 billion, per Yahoo Finance.
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