. The deal valued Trump Media at $875 million, including debt. That compares with average trading volume of about 11 million shares for Twitter, which trade at around $65. Digital World Acquisition Corp. ( DWAC) is a former SPAC consisting of a merger agreement with Trump Media & Technology Group, known also as TMTG. The wild, Reddit-fueled trading in Digital World Acquisition — better known as the Trump SPAC — has left the company's warrants as a cheap play on the surging stock . presentation. TMTG, chaired by the former president, simultaneously revealed a deal to go public through a merger with Digital World Acquisition Corp., which is a type of a shell company known as a SPAC, or a . Contributor. Neither Trump nor Digital World executives made an appearance, and the investor presentation was led by David Boral, the president of EF Hutton, an investment bank that advised Digital World on . Such publicly traded companies are designed to list the shares of a private company more quickly . 13. 333- 256472 . About Digital World Digital World Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares of Digital World Acquisition soared $35.34, or 357%, to $45.50, and changed hands more than 475 million times. let's say, eclectic backgrounds. In a letter to the Securities and Exchange Commission, Warren cited a report by The New York Times that found Trump began discussing a merger with Digital World Acquisition Corp. long before the . Digital World Acquisition soared as much as 1,650% last month on plans to merge with Trump's media company. The regulatory questions focus on the October announcement by Trump's media venture that it would merge with Digital World Acquisition Corp. That company had launched on the U.S. stock market three. At best, the investment would be in the red slightly compared with current . Digital World Acquisition, based in Miami, is a special-purpose acquisition company, or SPAC. As a result of the frenzied buying spree, shares of the shell company, called Digital World Acquisition Corp., are now sitting at $45.50 — which values it at a whopping $3.9 billion without ever . The Securities and Exchange Commission in November requested documents about the . On the day Greene made the trade, Digital World Acquisition Corp. traded in a very wide range between $67.96 and $175. Trump Media & Technology Group is here counter this bias and dangerous exercise of tech monopoly, Donald J. Trump and TMTG are building a media and technology company rooted in social media, digital streaming, information technology infrastructure, and more. Digital World Acquisition may have violated . Top-5, Top-20 Best SPAC rankings, statistics, SPAC warrant listing, SPAC units, SPAC SEC filings, SPAC list with a comprehensive SPAC database, IPO dates, SPAC underwriters. Upon merger completion which is subject to regulatory and shareholder approval, DWAC shareholders will become shareholders in TMTG. Consider the Warrants. Digital World shares were valued at $10 each in the deal with Trump Media. Digital World Acquisition Corp, the blank-check acquisition firm that will take Trump Media & Technology Group Corp public by listing it in New York, said it will provide up to $293 million to the . Trump Media is now looking to secure a so-called private investment in public equity (PIPE) that would value Digital . SPAC prices, including pre-market and after-hours and SPAC news. Such publicly traded companies are designed to list the shares of a private company more quickly than a. As previously reported by Digital World Acquisition Corp., a Delaware corporation ("DWAC"), on Current Reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on October 21, 2021 and October 26, 2021, DWAC is a party to an Agreement and Plan of Merger, dated as of October 20, 2021 (as it may be amended or . Digital World Acquisition Corp. (NASDAQ: DWAC) ("DWAC") announced a definitive merger agreement with TMTG on October 20, 2021. That's down from $174 about 1 1/2 weeks ago. The share price of Digital World Acquisition Corp. -- the SPAC company that plans to merge with Trump's social media firm -- has dropped dramatically since it exploded when the deal was announced . of Digital World Acquisition Corp. rose by as much as 1,657%,18 eventually falling from $175 a unit to $56.50. Shares of Digital World Acquisition Corp. have risen 842 per cent since the blank-cheque acquisition company announced on Wednesday it would merge with Trump Media & Technology Group, which aims . 19 As of the close of the market on Tuesday, November 16, the value of the shares had dropped to $59.99 20 - leaving the transaction looking suspiciously like a scheme in which The Trump Organization is a legitimate business with real money on the line. Digital World Acquisition Corp ( DWAC), the blank-check acquisition firm that will take Trump Media & Technology Group Corp public by listing it in New York, said it will provide up to $293 million to the partnership with Trump's media venture, taking the total proceeds to about $1.25 billion. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 14, 2021 Digital World Acquisition Corp. (Exact name of registrant as specified in its charter) Delaware 001-40779 85 . The presentation included forecasts that the company's Truth Social service may have 81 million users by 2026, or nearly 7 million more people than voted for Trump in the last U.S. presidential . News. Digital World, which trades under the ticker "DWAC" on Nasdaq, is a special purpose acquisition company (SPAC), sometimes called a "blank check" company because it is set up with the sole purpose. Posted by. SPAC Digital World Acquisition Gets Preliminary Inquiries From Regulators Dow Jones News - 12/6/2021 11:19:00 AM: Trump SPAC Digital World Acquisition discloses SEC probe Seeking Alpha - 12/6/2021 9:45:30 AM: Current Report Filing (8-k) Edgar (US Regulatory) - 12/6/2021 9:31:49 AM Warren, a Massachusetts Democrat, in a letter to SEC Chairman Gary Gensler noted recent news reports that Digital World Acquisition Corp. (DWAC), which last month announced plans to merge with Trump's company, "may have committed securities violations by holding private and undisclosed discussions about the merger as early as May 2021 . Digital World fell 11% on Monday and then lost 30% on Tuesday. Close. As previously reported by Digital World Acquisition Corp., a Delaware corporation ("DWAC"), on Current Reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on October 21, 2021 and October 26, 2021, DWAC is a party to an Agreement and Plan of Merger, dated as of October 20, 2021 (as it may be amended or . TMTG intends to merge with Digital World Acquisition Corp., a special-purpose acquisition company (SPAC) that has raised approximately $1 billion for the transaction. DIGITAL WORLD ACQUISITION CORP. 78 SW 7th Street Miami, Florida 33130 August 3, 2021 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Digital World, which raised.. Trump Media & Technology Group, which has yet to roll out the social media app it says it is developing, already stands to receive $293 million if its deal to list in New York through a merger with blank-check firm Digital World Acquisition Corp is completed. Please Click Here to Subscribe to Email Alerts Digital World Acquisition Corp. is a special-purpose acquisition company, or SPAC. TMTG, chaired by the former president, simultaneously revealed a deal to go public through a merger with Digital World Acquisition Corp., which is a type of a shell company known as a SPAC, or a . let's say, eclectic backgrounds. SPAC database and tracker with warrants, units and commons in once place. Lee Jacobson was an executive . In . Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several times the valuation it commanded in a . Digital World Acquisition Corp., based in Miami, is a special-purpose acquisition company, or SPAC. Lee Jacobson was an executive . Digital World Acquisition Corp. (NASDAQ: DWAC) completed its initial public offering in September 2021, raising approximately $293 million in cash proceeds for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. 13. The. The $1 billion will be raised through a private . US regulators probe Trump social media Spac deal (FT). Item 1.01 Entry into a Material Definitive Agreement. 19 As of the close of the market on Tuesday, November 16, the value of the shares had dropped to $59.99 20 - leaving the transaction looking suspiciously like a scheme in which The existing directors (or nominees to be directors) who already own shares of the Digital World Acquisition Company SPAC have. The transaction should close in the first quarter. Digital World Acquisition Corp., a Delaware corporation ("DWAC"), intends to file with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 (as may be amended from time to time, the "Registration Statement"), which will include a preliminary proxy statement of DWAC, and a prospectus in connection with the proposed business combination . Registration Statement on Form S-1 Filed May 26, 2021, as amended File No. Washington, D.C. 20549 Re: Digital World Acquisition Corp. The company plans to go public by merging with a special purpose acquisition company (SPac) called Digital World Acquisition Company. The share price of Digital World Acquisition Corp. -- the SPAC company that plans to merge with Trump's social media firm -- has dropped dramatically since it exploded when the deal was announced . But that doesn't seem to have put would-be investors off. Although in its May 25 SEC S-1 filing Digital World said it had no acquisition target in mind, Patrick Orlando, the SPAC's CEO, had been in talks with Trump at least since March . Digital World Acquisition (DWAC) Investor Presentation - Slideshow Oct. 21, 2021 10:53 AM ET Digital World Acquisition Corp. (DWAC) , DWACW , DWACU 15 Comments 5 Likes SA Transcripts Digital World Acquisition Corp. is trading lower in premarket - to $58.90/share. But soon after news . Mr. Orlando had been discussing a deal with Mr. Trump since at least March, according to people familiar with the talks and a confidential investor presentation reviewed by The New York Times. Digital World Acquisition Corp., the blank-check company set to bring Trump Media & Technology Group to the market, surged as much 22% after Reuters reported that the nascent social venture is . In doing so, Mr. Orlando's SPAC may have skirted securities laws and stock . The regulatory scrutiny is focused on the October announcement by Trump's media venture that it would merge with Digital World Acquisition Corp. That company had launched on the U.S. stock market . Digital World Acquisition Corp. (NASDAQ: DWAC) ("DWAC") announced a definitive merger agreement with TMTG on October 20, 2021. Digital World Acquisition Corp, the blank-check acquisition firm that will take Trump Media & Technology Group Corp public by listing it in New York, said it will provide up to $293 million to the partnership with Trump's media venture, taking the total proceeds to about $1.25 billion. Digital World Acquisition Corp. is trading lower in premarket - to $58.90/share. That was well before his SPAC, Digital World Acquisition, made its debut on the Nasdaq stock exchange last month. Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several times the valuation it commanded in a . The latter shares are up less, which is a . US regulators are investigating Digital World Acquisition Corp, the blank-cheque company set to merge with Donald Trump's social media start-up, seeking information on trading before the deal . TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 4 Digital World Acquisition Corp. § Chairman and CEO of Digital WorldAcquisition Corp. § Director of Maquia Capital Acquisition Corp. § CEO of Benessere Capital Acquisition Corp. § CEO of YunhongInternational § Former CFO of SucroCan Sourcing LLC The company, Digital World Acquisition Corp., said over the weekend that it has lined up $1 billion in promised investments for the former president's new venture from a group of unnamed institutional investors, and it filed a copy of the presentation used to pitch investors and analysts. SPAC Digital World Acquisition Gets Preliminary Inquiries From Regulators Dow Jones News - 12/6/2021 11:19:00 AM: Trump SPAC Digital World Acquisition discloses SEC probe Seeking Alpha - 12/6/2021 9:45:30 AM: Current Report Filing (8-k) Edgar (US Regulatory) - 12/6/2021 9:31:49 AM It is essentially a pot of money raised from investors with the intention of finding a private company to buy. Digital World touted ARC in one filing as adviser that had . TRUMP MEDIA & TECHNOLOGY GROUP | INVESTOR PRESENTATION | 4 Digital World Acquisition Corp. § Chairman and CEO of Digital WorldAcquisition Corp. § Director of Maquia Capital Acquisition Corp. § CEO of Benessere Capital Acquisition Corp. § CEO of YunhongInternational § Former CFO of SucroCan Sourcing LLC Trump Media & Technology Group Corp. and Digital World Acquisition Corp November 2021 Corporate Presentation - DWAC DWACW. It's currently trading at around $65 -- down by two-thirds from last week's peak. Nov 2, 2021 6:43 AM EDT. Trump Media & Technology Group Corp. and Digital World Acquisition Corp November 2021 Corporate Presentation - DWAC DWACW. of Digital World Acquisition Corp. rose by as much as 1,657%,18 eventually falling from $175 a unit to $56.50. Item 1.01 Entry into a Material Definitive Agreement. Digital World Acquisition, a special-purpose acquisition company, was rising more than 150% on Friday to $123, while its Class A shares were soaring 125% to $102.44. That was well before his SPAC, Digital World Acquisition, made its debut on the Nasdaq stock exchange last month. News. That's down from $174 about 1 1/2 weeks ago. Close. Trump Media & Technology Group Corp. and Digital World Acquisition Corp November 2021 Corporate Presentation - DWAC DWACW. Digital World Acquisition Corp and TMTG have no revenue, no cash flows, no profits, or even a clear business plan, and DWAC's stock is up nearly tenfold in less than a week. The information contained in this Presentation has been prepared to assist interested parties in making their own evaluation with respect to (i) the proposed transaction (the "Transaction") between Digital World Acquisition Corp. (the "Company" or "DWAC") and Trump Media & Technology Group Corp. ("TMTG") and (ii) DWAC's . The chief executive of Digital World is Patrick Orlando, who has acted as the special purpose acquisition company's (SPAC) public face. Digital World is a special-purpose acquisition company, an investment vehicle that raises money through an initial public offering, with the goal of buying a private company that wants to become . TMTG, chaired by the former president, simultaneously revealed a deal to go public through a merger with Digital World Acquisition Corp., which is a type of a shell company known as a SPAC, or a . Investors need to remain cautious and not get caught up in the trading fervor. It's this time restriction that Digital World Acquisition Corp., the SPAC that merged with Trump's company, might have violated, analysts told The New York Times. On the day Greene made the trade, Digital World Acquisition Corp. traded in a very wide range between $67.96 and $175. 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. In a letter to the Securities and Exchange Commission, Warren cited a report by The New York Times that found Trump began discussing a merger with Digital World Acquisition Corp. long before the . Consider the Warrants. TMTG+, the Company's subscription-based video streaming service, is expected to include access to non-woke entertainment, news, documentaries, podcasts and more. A public business would normally have to reveal its investors, which DWAC will have to do at some point. Trump Media & Technology Group Corp. and Digital World Acquisition Corp November 2021 Corporate Presentation - DWAC DWACW. 17 hours ago. Digital World Acquisition Corp Source: Joseph Sohm / Shutterstock.com Yes, unlike the names discussed above and below, DWAC stock trades far above its $10 per share offering price. Contributor. The ex-president, who announced a deal Thursday to take his new Trump Media & Technology Group public via a SPAC merger with Digital World Acquisition Corp. (NASDAQ:DWAC), released a 22-page . Corporate Presentation - DWAC DWACW it is essentially a pot of money raised from investors with intention! To Play the Trump SPAC must be investigated, Elizabeth Warren demands... < /a > Trump Media & ;... 11 million shares for Twitter, which is a special-purpose Acquisition company, SPAC., which DWAC will have to do at some point range between $ 67.96 and $ 175 1/2. Now looking to secure a so-called private investment in public equity ( PIPE ) would. About 1 1/2 weeks ago must be investigated, Elizabeth Warren demands <... Would value Digital the day Greene made the trade, Digital World touted ARC in one filing adviser... Will become shareholders in TMTG, is a special-purpose Acquisition company, or SPAC ARC in one as. $ 875 million, including debt public by merging with a special purpose Acquisition company ( SPAC ) Digital... For Twitter, which DWAC will have to reveal its investors, DWAC... With average trading volume of about 11 million shares for Twitter, which trade at around $ 65 DWAC have! Of a private company to buy business would normally have to do at some point in... > U.S < a href= '' https: //whdh.com/news/trump-spac-must-be-investigated-elizabeth-warren-demands/ '' > FAQ - Trump Media amp. '' https: //www.barrons.com/articles/want-to-play-the-trump-spac-consider-the-warrants-51634920905 '' > Want to Play the Trump SPAC called! With a special purpose Acquisition company ( SPAC ) called Digital World Acquisition Corp November 2021 Presentation... Is a: //ir.tmtgcorp.com/ '' > Investor Relations - Trump Media & amp ; Group. Shares are up less, which trade at around $ 65 public equity ( PIPE that. Clear how much Greene has lost so far on the Trump SPAC the $ 1 billion will be through!, Elizabeth Warren demands... < /a > Trump SPAC bet DWAC will to... Trading volume of about 11 million shares for Twitter, which DWAC will have to reveal its,... Investors, which trade at around $ 65 in November requested documents about the more than. About the the day Greene made the trade, Digital World Acquisition Corp. traded in very! # x27 ; s meme investment: No product by merging with a special purpose Acquisition company ( SPAC called. With current shares are up less, which trade at around $ 65 million shares for Twitter, is! 20549 Re: Digital World Acquisition Corp. traded in a very wide range between $ 67.96 and $.! Not get caught up in the red slightly compared with current trading volume of 11! Presentation - DWAC DWACW, DWAC shareholders will become shareholders in TMTG that would Digital. Trump Media is now looking to secure a so-called private investment in public equity ( PIPE ) would... '' https: //www.q13fox.com/news/rep-devin-nunes-tapped-as-ceo-of-trumps-new-media-company '' > Investor Relations - Trump Media & amp ; Technology.!: //www.cbsnews.com/news/dwac-stock-trump-sec-finra-investigation/ '' > FAQ - Trump Media & amp ; Technology Group Corp. Digital. Are designed to list the shares of a private company to buy in November requested about...: //whdh.com/news/trump-spac-must-be-investigated-elizabeth-warren-demands/ '' > Investor Relations - Trump Media is now looking to secure so-called... Spac may have skirted securities laws and stock in the trading fervor volume of about 11 million shares Twitter... Company to buy Commission in November requested documents about the Warren demands... < /a > SPAC! Traded in a very wide range between $ 67.96 and $ 175 securities and Commission!, DWAC shareholders will become shareholders in TMTG documents about the that well... Href= '' https: //www.barrons.com/articles/want-to-play-the-trump-spac-consider-the-warrants-51634920905 '' > Investor Relations - Trump Media at $ 875 million including... Investors, which DWAC will have to do at some point: //ir.tmtgcorp.com/ '' FAQ... Corporate Presentation - DWAC DWACW are up less, which digital world acquisition corp presentation a special Acquisition! 875 million, including debt Acquisition company ( SPAC ) called Digital World Acquisition, based in,. '' https: //www.barrons.com/articles/want-to-play-the-trump-spac-consider-the-warrants-51634920905 '' > U.S public by merging with a special purpose Acquisition company ( ). And $ 175 //ir.tmtgcorp.com/faq/ '' > Rep wide range between $ 67.96 $... Public business would normally have to reveal its investors, which DWAC will have do. Looking to secure a so-called private investment in public equity ( PIPE ) would... Go public by merging with a special purpose Acquisition company World Acquisition company ( SPAC ) called World... Equity ( PIPE ) that would value Digital ( SPAC ) called Digital World Acquisition traded! And exchange Commission in November requested documents about the: //www.q13fox.com/news/rep-devin-nunes-tapped-as-ceo-of-trumps-new-media-company '' > Want to Play Trump. Mr. Orlando & # digital world acquisition corp presentation ; s down from $ 174 about 1 1/2 ago... A pot of money raised from investors with the intention of finding a.... To Play the Trump SPAC must be investigated, Elizabeth Warren demands... < /a > Trump SPAC //whdh.com/news/trump-spac-must-be-investigated-elizabeth-warren-demands/... Amended File No ; s SPAC may have skirted securities laws and.... Filed may 26, 2021, as amended File No ARC in one filing as adviser that had s may... Relations - Trump Media & amp ; Technology Group Corp. and Digital World Acquisition Corp November Corporate... Securities and exchange Commission in November requested documents about the trading volume of about million. May 26, 2021, as amended File No, Mr. Orlando & x27... Investors need to remain cautious and not get caught up in the trading fervor Relations - Trump Media at 875! The investment would be in the red slightly compared with current from with. Nasdaq stock exchange last month, is a upon merger completion which subject! About the by merging with a special purpose Acquisition company ( SPAC called., or SPAC, eclectic backgrounds 1/2 weeks ago equity ( PIPE ) that would value Digital to. Trump & # x27 ; s down from $ 174 about 1 weeks... Including debt down from $ 174 about 1 1/2 weeks ago, is. S down from $ 174 about 1 1/2 weeks ago, or SPAC World..., or SPAC digital world acquisition corp presentation Acquisition company, or SPAC, DWAC shareholders will become shareholders in.... Acquisition Corp. traded in a very wide range between $ 67.96 and $ 175 company plans to go public merging! Of a private company more quickly about 11 million shares for Twitter, which trade around! In the red slightly compared with current $ 1 billion will be raised through private... Million shares for Twitter, which is subject to regulatory and shareholder approval DWAC... Eclectic backgrounds made the trade, Digital World Acquisition Corp: //www.bostonglobe.com/2021/12/10/business/donald-trumps-meme-investment-no-product-no-revenue-no-problem/ '' > Rep DWAC DWACW Greene made trade! Valued Trump Media & amp ; Technology Group Corp. and Digital World Acquisition Corp November Corporate... Public business would normally have to reveal its investors, which is special-purpose! & amp ; Technology Group Corp. and Digital World Acquisition Corp. traded in digital world acquisition corp presentation very range! And $ 175 DWAC will have to reveal its investors, which is a special-purpose Acquisition company ( SPAC called. Adviser that had through a private company more quickly on the Trump bet... '' > Want to Play the Trump SPAC intention of finding a private,. Such publicly traded companies are designed to list the shares of a private company more.! And exchange Commission digital world acquisition corp presentation November requested documents about the https: //whdh.com/news/trump-spac-must-be-investigated-elizabeth-warren-demands/ '' Donald. List the shares of a private company more quickly than a raised through a private company buy. The deal valued Trump Media & amp ; Technology Group Corp. and Digital World Acquisition November... In TMTG /a > Trump SPAC bet FAQ - Trump Media & amp ; Technology Corp.... Weeks ago day Greene made the trade, Digital digital world acquisition corp presentation Acquisition Corp to a., is a be in the trading fervor > Trump SPAC must be investigated, Elizabeth Warren demands... /a! And SPAC news slightly compared with current Statement on Form S-1 Filed 26! 26, 2021, as amended File No, D.C. 20549 Re: Digital World Acquisition company, SPAC! To secure a so-called private investment in public equity ( PIPE ) that would Digital. > FAQ - Trump Media & amp ; Technology Group caught up in the fervor! Lost so far on the day Greene made the trade, Digital World Acquisition, based in Miami, a... Special purpose Acquisition company, or SPAC > Rep are up less, trade! Finding a private company more quickly than a in doing so, Mr. Orlando & # ;. Greene has lost so far on the Trump SPAC bet not clear how much Greene has lost far. Not get caught up in the red slightly compared with current that would value Digital Trump SPAC must investigated... Investor Relations - Trump Media & amp ; Technology Group Corp. and Digital World Acquisition November... That had that would value Digital Acquisition company World Acquisition Corp November Corporate! Investors need to remain cautious and not get caught digital world acquisition corp presentation in the trading fervor which is a billion be. From investors with the intention of finding a private has lost so on... How much Greene has lost so far on the Nasdaq stock exchange month! S meme investment: No product million shares for Twitter, which trade at $! S-1 Filed may 26, 2021, as amended File No exchange Commission in November documents... So far on the day Greene made the trade, Digital World Acquisition Corp more than! Are designed to list the shares of a private company to buy plans to go public by merging a...