
Shares of Digital World Acquisition Corp. (DWAC) surged as much as 22%, with an 18% increase earlier in the day and a 3.7% pre-market uptick, amid anticipation of a vote on its deal to acquire Trump Media, the parent company of Truth Social. This potential merger has garnered significant attention, particularly among Donald Trump's supporters, who are eager to see the former president's social media platform succeed in the public market. If the deal is approved, Trump could receive a windfall of nearly $3.5 billion. This financial boost is seen as a pivotal moment for Trump, potentially easing his financial pressures and bolstering his political campaign. The enthusiasm around the merger has been evident in discussions on platforms like WallStreetBets, highlighting the speculative nature of the investment. The vote to take the company public is expected to occur on Friday.
Is Trump about to get a $3.5B windfall from the merger of his Truth Social platform with a public shell company? He sure needs it. | @AndrewCMcCarthy https://t.co/JjTxccyrQe
How Truth Social Could Bail Trump Out of His Legal Bills https://t.co/clTc3iLtLr https://t.co/bIznXF5Xam
How does Trump stand to make $3bn from Truth Social being listed on the market? https://t.co/X8E1Q4lUGD












