Trump Media shares surge in market debut [FOX Business Network]
Digital World Acquisition Corp. - Units (DWACU)
Company Research
Source: FOX Business Network
Trump Media & Technology Group's stock climbed about 50% at the opening bell before being halted briefly due to volatility. Ticker Security Last Change Change % DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP Powered By The company is the parent of the social media app Truth Social. Trump Media & Technology Group went public through a merger with the use of a special purpose acquisition company, Digital World Acquisition Corp. (DWAC), which approved the merger last week. Trump owns nearly 80 million shares in the company, giving him ownership of about 58% of the new legal entity. That stake – which was initially valued at about $3.3 billion – rose closer to $4 billion ahead of its stock market debut. While those assets could provide the former president with a cash infusion as he deals with expensive legal battles in civil and criminal court, Trump may be unable to access those funds for a period of time due to restrictions on the stock following its initial public of
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