DWAC Stock Price: DWAC And Trump Social Media SPAC Rising

DWAC Stock Price: DWAC, Trump Social Media SPAC Rises in GameStop-Like Craze

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DWAC Stock Price: DWAC, Trump Social Media SPAC Rises in GameStop-Like Craze

DWAC Stock Price

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

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

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