Digital World shares surge as U.S. regulators clear way for merger with Trump's media firm [Yahoo! Finance]
Phunware, Inc. (PHUN)
Company Research
Source: Yahoo! Finance
President Donald Trump's social media platform. Digital World said a registration statement for its proposed merger with Trump Media & Technology Group (TMTG), the owner of social media platform Truth Social, was declared effective by the U.S. Securities and Exchange Commission. Shares of the blank-check acquisition firm were last trading up 20% at $52.16, having touched a session high of $56.3. Digital World said it expects to announce the date of a special meeting of its stockholders to vote on the approval of the merger within two business days. The stock has surged more than 150% since Jan. 15 when Trump won the Iowa caucus in his push as a Republican nominee for presidential election this year. DWAC faced several challenges in its bid to complete the deal with TMTG. It has been the target of investigations by the U.S. Department of Justice and the SEC, replaced its chief executive and shook up its board. Shares of video-sharing platform Rumble, which is popular with
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PHUN
News
- Phunware Sets First Quarter 2024 Earnings Call for Thursday, May 9, 2024 at 4:30 p.m. ETGlobeNewswire
- Phunware Signs Multi-Year Renewals of Mobile Solutions with Major Hospitality and Healthcare Customers [Yahoo! Finance]Yahoo! Finance
- Phunware Signs Multi-Year Renewals of Mobile Solutions with Major Hospitality and Healthcare CustomersGlobeNewswire
- UBS Defeats Spoofing Suit by Trump 2020 Campaign App Maker [BNN Bloomberg (Canada)]BNN Bloomberg
- Phunware, Inc. (NASDAQ: PHUN) had its price target lowered by analysts at Ascendiant Capital Markets from $75.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
PHUN
Earnings
- 11/9/23 - Miss
PHUN
Analyst Actions
- 4/1/24 - Ascendiant Capital
PHUN
Sec Filings
- 3/21/24 - Form 4
- 3/21/24 - Form 3
- 3/15/24 - Form 4
- PHUN's page on the SEC website