DWAC Stock Price: DWAC, Trump Social Media SPAC Rises in GameStop-Like Craze
In the first market day following the release of the agreement, stocks of Digital World Acquisition Corp. more than tripled to $45.50 as per the DWAC Website. Trump Media & Technology Group stated late Wednesday that the Digital World Acquisition Corp Merger will be the SPAC and shortly launch Truth Social, a social platform. The purchase prices of Trump Media at around $875 million, including debt.
In today’s article, we will talk about the DWAC Stock price that rocketed in one day. Was this increase expected or was it a surprise? What did Donald Trump do? Who owns DWAC? We are going to answer them one by one in our article.
What Is DWAC SPAC?
In a nutshell, SPACs are shell corporations that are registered on marketplaces such as the Nasdaq and exist solely to merge with firms that wish to go public, such as being the Digital World Acquisition Corp Merger. Anyone, usually from the finance industry, creates the business and gets several other individuals to put cash on the table in return for shell shares, which are normally offered for $10 each. They establish a timetable (typically about two years) by which they want to locate a firm to combine with and inform the marketplace of the industry they intend to target — but they can truly merge with just about any willing business.
What Does Digital World Acquisition Corp Do?
Digital World Acquisition Corp. is a cash-only business. Through a Digital World Acquisition Corp Merger, capital share exchange, purchase of assets, share purchase, and restructuring, the firm intends to purchase one or more firms and assets.
Who Really Owns DWAC?
Patrick Orlando, who owns DWAC, formerly worked at Deutsche Bank for 5 years, where he handled with emerging economies fixed income futures.
According to Digital World Acquisition Corp Wiki, Patrick Orlando, who owns DWAC, is CEO of Digital World and two more SPACs.
Mr. Orlando’s involvement as CEO of Yunhong International (ticker: ZGYH), some other SPAC in which he is CEO, is somewhat more noteworthy, such as Digital World Acquisition Corp Wuhan. Also, as per Digital World Acquisition Corp Wuhan, Yunhong International is headquartered at an office tower in Wuhan, China.
DWAC Stock Price Today
As per Digital World Acquisition Corp Wiki, a new social media network firm founded by former President Donald Trump, Trump Media & Technology Group was launched last night. Recently, the firm announced the Digital World Acquisition Corp Merger, which caused some excitement in the financial markets. On the announcement, stocks of the previously insignificant special-purpose acquisition company (SPAC) skyrocketed more than 400% according to the DWAC website.
The merger today values Trump Media & Technology Group at $875 million, with the possibility of an another $825 million earnout, valuing the merged firm at $1.7 billion. The firm intends to run with funds given by DWAC’s current $293 million in cash assets. The firm launched a new application called TRUTH Social, which will be available soon, as well as plans for a subscription online streaming network called TMTG+.
DWAC Stock price live
You can check out the 14 days historical data of DWAC Stock price below.
|Date||Opening price||Closing price||Minimum price||Maximum price|
|2021-10-21||Open: 12.71||Close: 45.77||Low: 12.71||High: 48.49|
|2021-10-20||Open: 9.96||Close: 9.96||Low: 9.96||High: 9.96|
|2021-10-19||Open: 10.01||Close: 10.01||Low: 10.01||High: 10.01|
|2021-10-18||Open: 9.9692||Close: 9.9692||Low: 9.9692||High: 9.9692|
|2021-10-15||Open: 9.96||Close: 9.96||Low: 9.96||High: 9.96|
|2021-10-14||Open: 9.97||Close: 9.97||Low: 9.97||High: 9.97|
|2021-10-13||Open: 10.05||Close: 9.96||Low: 9.96||High: 10.05|
|2021-10-12||Open: 9.97||Close: 9.97||Low: 9.97||High: 9.97|
|2021-10-11||Open: 9.95||Close: 9.95||Low: 9.95||High: 9.95|
|2021-10-08||Open: 9.95||Close: 9.95||Low: 9.95||High: 9.95|
|2021-10-07||Open: 9.96||Close: 9.96||Low: 9.96||High: 9.96|
|2021-10-06||Open: 9.92||Close: 9.92||Low: 9.92||High: 9.92|
|2021-10-05||Open: 9.9281||Close: 9.9281||Low: 9.9281||High: 9.9281|
|2021-10-04||Open: 9.915||Close: 9.92||Low: 9.915||High: 9.92|
DWAC Stock Merger
It was founded by Patrick Orlando, a former investment banker who owns DWAC.
Orlando is participating in a couple more SPACs, but as per the DWAC website, he has yet to acquire a merger partnership for any of those. Most lately, he was already attempting to merge that with a hydrogen fuel firm.
Is DWAC a Buy Sell or Hold?
We would like to say that DWAC does not currently have a buyout stake.
Does DWAC share a dividend?
DWAC currently pays no regular dividends.
DWAC Stock Forecast 2022, 2023, 2024, 2025
- Target DWAC Stock price in 14 days is $66.254 high and $31.451 low.
- According to Digital World Acquisition Corp Wiki, the DWAC Stock price can decline from $45 to $11, which is -75.955%.
- Current DWAC Stock price is $45.50.
- Also, as per the Digital World Acquisition Corp Wiki, DWAC Stock price will crash.
Below, you can find the Digital World Acquisition Corp Stock Forecast for the upcoming days.
|Date||Price||Min Price||Max Price|
|2021-10-25||Price: 41.139||Min: 31.451||Max: 49.904|
|2021-10-26||Price: 41.187||Min: 31.868||Max: 50.284|
|2021-10-27||Price: 41.204||Min: 31.632||Max: 50.712|
|2021-10-28||Price: 52.838||Min: 43.472||Max: 62.843|
|2021-10-29||Price: 45.417||Min: 36.663||Max: 54.633|
|2021-11-01||Price: 45.486||Min: 36.003||Max: 54.482|
|2021-11-02||Price: 45.535||Min: 36.275||Max: 54.919|
|2021-11-03||Price: 45.551||Min: 36.362||Max: 54.716|
|2021-11-04||Price: 57.186||Min: 47.810||Max: 66.254|
Also, you can check out the Digital World Acquisition Corp Stock Forecast for next years.
Digital World Acquisition Corp Stock Forecast 2022
|Date||Minimum price||Maximum price|
|January 2022||Min: 0.854||Max: 270.508|
|February 2022||Min: 0.516||Max: 237.716|
|March 2022||Min: 0.00920||Max: 29.892|
|April 2022||Min: 29.644||Max: 157.938|
|May 2022||Min: 18.865||Max: 496.274|
|June 2022||Min: 0.252||Max: 237.320|
|July 2022||Min: 0.328||Max: 242.240|
|August 2022||Min: 0.138||Max: 217.124|
|September 2022||Min: 5.235||Max: 57.952|
|October 2022||Min: 6.212||Max: 11.037|
|November 2022||Min: 0.00277||Max: 4.695|
|December 2022||Min: 0.00156||Max: 150.038|
|Digital World Acquisition Corp Stock Forecast 2023|
|January 2023||Min: 0.0217||Max: 268.223|
|February 2023||Min: 0.1086||Max: 243.452|
|March 2023||Min: 0.00258||Max: 30.912|
|April 2023||Min: 30.678||Max: 133.640|
|May 2023||Min: 28.815||Max: 497.989|
|June 2023||Min: 0.385||Max: 236.271|
|July 2023||Min: 0.550||Max: 239.133|
|August 2023||Min: 0.232||Max: 218.061|
|September 2023||Min: 6.250||Max: 61.456|
|October 2023||Min: 7.552||Max: 12.059|
|November 2023||Min: 0.00959||Max: 6.181|
|December 2023||Min: 0.00539||Max: 149.568|
|Digital World Acquisition Corp Stock Forecast 2024|
|January 2024||Min: 0.118||Max: 273.352|
|February 2024||Min: 0.246||Max: 248.787|
|March 2024||Min: 0.00781||Max: 31.923|
|April 2024||Min: 31.710||Max: 194.100|
|May 2024||Min: 2.208||Max: 499.460|
|June 2024||Min: 0.0393||Max: 222.068|
|July 2024||Min: 0.579||Max: 244.756|
|August 2024||Min: 0.325||Max: 219.011|
|September 2024||Min: 7.281||Max: 46.311|
|October 2024||Min: 7.585||Max: 13.076|
|November 2024||Min: 0.0187||Max: 5.902|
|December 2024||Min: 0.01053||Max: 152.587|
|Digital World Acquisition Corp Stock Forecast 2025|
|January 2025||Min: 0.212||Max: 274.139|
|February 2025||Min: 0.4098||Max: 184.308|
|March 2025||Min: 0.0130||Max: 32.881|
|April 2025||Min: 32.764||Max: 189.230|
|May 2025||Min: 16.066||Max: 500.563|
|June 2025||Min: 0.215||Max: 242.117|
|July 2025||Min: 0.744||Max: 245.702|
|August 2025||Min: 0.558||Max: 219.314|
|September 2025||Min: 8.541||Max: 58.586|
|October 2025||Min: 8.965||Max: 14.101|
|November 2025||Min: 0.00179||Max: 3.097|
|December 2025||Min: 0.000757||Max: 153.441|