DWAC
DWAC is a so-called special purpose acquisition company set up to raise capital in the public markets to purchase private firms. Trumps TMGT plans to go public at an enterprise value of 875M in an unprecedented transaction.
Retail investors are piling into the special purpose acquisition company that agreed to take former President Donald Trumps media firm public as thousands of users pump shares across social.
DWAC. More than 470 million shares of DWAC. Digital World Acquisition DWAC spiked in after-hours trading.
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