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Benzinga
Benzinga
Business
Chris Katje

If You Invested $1,000 In DWAC When Trump's Truth Social SPAC Deal Was Announced, Here's How Much You'd Have Now

SPAC DWAC Truth Social Donald Trump SEC

One of the most publicized SPAC merger announcements of 2021 was a deal to take Trump Media & Technology Group public. The merger was aimed at bringing a new player into the social media sector via former President Donald Trump.

What Happened: On October 21, a SPAC merger between Trump Media & Technology Group and Digital World Acquisition Corp (NASDAQ:DWAC) was formally announced. The deal was rumored the previous day after market close.

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