Digital World Acquisition Corp., a so-called special purpose acquisition company, or SPAC, jumped an astonishing 66% on Monday. This comes after a 7% increase on Friday. Although shares fell slightly in early Tuesday trading, the stock has still increased by more than 50% in the last week alone and is currently selling for almost $29 per share.
Digital World Acquisition Corp., or DWAC for short, declared intentions to acquire Trump Media & Technology Group, proprietor of the right-leaning Truth Social app, in October 2021. The most recent postponement of the shareholder vote on the sale was made on November 22. The initial election day was scheduled for September 6.Even so, the significant change in DWAC shares is puzzling, if only because a transaction with Trump’s business may not truly materialize.
USA – The Mid Term Elections are expected to affect quite a lot of stocks
By tirupatinews
