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.
Similarly, 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 are DWAC fees? DWAC Fees means fees payable to the Transfer Agent’s Deposit Withdrawal Agent for the electronic transmission of shares of Common Stock by crediting the account of Investor’s broker with Depository Trust Company Fast Automated Securities Transfer through the Transfer Agent’s Deposit Withdrawal Agent Commission system.
Thereof, 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% |
How many shares are there of DWAC?
Share Statistics
| Avg Vol (3 month) 3 | 5.35M |
|---|---|
| Avg Vol (10 day) 3 | 2.7M |
| Shares Outstanding 5 | 30.03M |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | N/A |
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.
What happens to DWAC stock after merger?
Upon a successful merger completion, DWAC shareholders will become shareholders in the public company TMTG. All of the trading in DWAC shares is based on speculation regarding the timing of the closing of the merger.
How many total shares does DWAC have?
Share Statistics
DWAC has 37.21 million shares outstanding.
What will DWAC do?
What Is DWAC? Incorporated in 2020, and based in Miami, Florida, Digital World Acquisition Corp (DWAC) is a special purpose acquisition company, also known as a SPAC or « blank check company, » which is formed to identify and target a private company to acquire.
Is DWAC a SPAC?
Owning the stock can be a ‘badge of honor’ for supporters betting on the ex-president’s new media company.
What is the float on DWAC?
Line chart with 390 data points. The chart has 1 X axis displaying Time. Range: 2022-04-12 09:26:06 to 2022-04-12 16:02:53.
…
Digital World Acquisition Corp. Cl A.
| Volume | 5.86M |
|---|---|
| Short Interest | 3.73M (03/31/22) |
| Short Interest Change | 3.73M |
| Percent of Float | 12.92% |
Can you buy DWAC after hours?
Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET).
What is TMTG stock at?
TMTG-USD – The Midas Touch Gold USD
| Previous Close | 0.003071 |
|---|---|
| Open | 0.003071 |
| Day’s Range | 0.003019 – 0.003131 |
| 52 Week Range | 0.001167 – 0.015114 |
| Start Date | 2018-09-27 |
Is TMTG a stock?
This means if you’re keen to pick up some Trump Media stock, you’ll need to wait for the deal to go through before your DWAC shares effectively become TMTG shares. Here’s what we know about the deal so far and how to buy Trump Media stock once it goes public.
What is the Midas Touch Gold?
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.
Why did DWAC stock drop?
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 is the float for DWAC stock?
Share Statistics
| Avg Vol (3 month) 3 | 6.13M |
|---|---|
| Float 8 | N/A |
| % Held by Insiders 1 | 0.00% |
| % Held by Institutions 1 | 6.11% |
| Shares Short 4 | N/A |
Will DWAC stock become TMTG stock?
(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.
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.
Can I buy stock in TMTG?
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.
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