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DWAC and Truth Social Finally to Be Joined? Trump, MAGA and Stock to Soar in 2024

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First published at 05:09 UTC on February 20th, 2024.

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CASTALIA2020: Seeing With Our Own Eyes

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Shares of Digital World Acquisition Corp
. jumped 16% on Thursday after the special purpose acquisition company announced Wednesday night that it is close to completing its proposed merger with Trump Media and Technology Group, former President Donal…

The Securities and Exchange Commission declared the registration statement for DWAC’s combination with Trump’s media group to be effective after markets closed Wednesday.

DWAC said that this week it will announce a date for shareholders to vote on the merger in light of approval for the S-4 Form.

“We are immensely proud of the strides we’ve taken towards advancing the business combination...This achievement marks a significant milestone for us,” DWAC CEO Eric Swider said in a press release.
That SPAC first began merger talks with Trump’s media group, which operates the Truth Social platform, in October 2021.

But the proposed combination has been pushed back several times amid challenges that included investigations by the Department of Justice and the SEC.

Shares of DWAC have rallied in recent months as Trump has emerged as the likely Republican nominee for president in November.

The stock is up almost 200% since the start of the year.

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