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- $Digital World Acquisition Corp (DWAC.US)$ 周一盘后交易中,股价上涨9.01%,至54.45美元。
这家前身为数字世界收购公司的公司已经完成了与前总统唐纳德·特朗普发起的社交媒体合资企业的合并,该合资企业现名为特朗普媒体与科技集团。从周二开始,新合并实体的股票将在证券交易所上市,股票代码为 “DJT”,这反映了唐纳德·特朗普的姓名缩写。
周一,对合并的兴奋使该公司的股价飙升了35.2%,在股票变更前夕,该公司的股价飙升了13.01美元,收于每股49.95美元。股票价值的大幅上涨伴随着交易量的显著增长,达到2100万股,与前30个交易日的平均210万股形成鲜明对比。
合并是在首次宣布29个月后完成的,这确保了TMTG首席执行官德文·努内斯和现任管理团队将继续掌舵。与特朗普关系密切的前国会议员努内斯表示,该公司致力于挑战主要科技公司在互联网上的主导地位,并表示他们打算追求将互联网从大型科技公司审查中解放出来的愿景。
周五举行的股东投票显示出对合并的大力支持。根据DWAC的公告,“绝大多数” 支持此次收购,随后美国证券交易委员会的一份文件显示,有26,633,233股股票投了赞成票,而66,010股反对和51,890股弃权。股东的批准巩固了Truth Social的母公司特朗普媒体与科技集团公司在公司运营结构中的地位。