Mar 25, 2024 - $Digital World Acquisition Corp (DWAC.US)$ shares rose 9.01% to $54.45 in post-market trading on Monday.
The company previously known as Digital World Acquisition Corp. has completed its merger with the social media venture initiated by former President Donald Trump, now emerging as the Trump Media & Technology Group. Starting Tuesday, the newly merged entity's stock will be listed on the stock exchange under the new ticker symbol "DJT," reflecting Donald Trump's initials.
Excitement surrounding the merger sent the corporation's shares surging by 35.2% on Monday, on the eve of the ticker change, the company's stock price shot up by $13.01, concluding the trading day at $49.95 per share. This significant uptick in stock value was accompanied by a remarkable surge in trading volume, reaching over 21 million shares, a stark contrast to the 2.1 million average over the previous 30 sessions.
The merger's conclusion, occurring 29 months after the initial announcement, ensures that TMTG CEO Devin Nunes and the current management team will remain at the helm. Nunes, a former congressman with close ties to Trump, expressed the company's commitment to challenging the dominance of major tech companies over the internet, stating their intent to pursue a vision of liberating the internet from big tech's censorship.
The shareholder vote, which took place on Friday, revealed strong support for the merger. According to DWAC's announcement, a "vast majority" favored the acquisition, with a subsequent SEC filing disclosing that 26,633,233 shares were voted in favor, compared to 66,010 against, and 51,890 abstentions. The shareholder approval solidifies the position of Trump Media & Technology Group Corp., parent of Truth Social, within the company's operational structure.
2024 年 3 月 25 日- $Digital World Acquisition Corp (DWAC.US)$ 週一盤後交易中,股價上漲9.01%,至54.45美元。
這家前身爲數字世界收購公司的公司已經完成了與前總統唐納德·特朗普發起的社交媒體合資企業的合併,該合資企業現名爲特朗普媒體與科技集團。從週二開始,新合併實體的股票將在證券交易所上市,股票代碼爲 “DJT”,這反映了唐納德·特朗普的姓名縮寫。
週一,對合並的興奮使該公司的股價飆升了35.2%,在股票變更前夕,該公司的股價飆升了13.01美元,收於每股49.95美元。股票價值的大幅上漲伴隨着交易量的顯著增長,達到2100萬股,與前30個交易日的平均210萬股形成鮮明對比。
合併是在首次宣佈29個月後完成的,這確保了TMTG首席執行官德文·努內斯和現任管理團隊將繼續掌舵。與特朗普關係密切的前國會議員努內斯表示,該公司致力於挑戰主要科技公司在互聯網上的主導地位,並表示他們打算追求將互聯網從大型科技公司審查中解放出來的願景。
週五舉行的股東投票顯示出對合並的大力支持。根據DWAC的公告,“絕大多數” 支持此次收購,隨後美國證券交易委員會的一份文件顯示,有26,633,233股股票投了贊成票,而66,010股反對和51,890股棄權。股東的批准鞏固了Truth Social的母公司特朗普媒體與科技集團公司在公司運營結構中的地位。