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Digital World Acquisition Corp DWAC Stock Price, Quote & News

But it’s not the only player positioning itself as an alternative to Twitter, Meta Platforms’ Facebook, and other networks. DWAC is a special purpose acquisition company, or SPAC, that announced plans to merge with Truth Social parent company Trump Media & Technology Group in October 2021. DWAC offers several benefits, including enhanced efficiency and speed of transactions, reduction in paperwork and administrative costs, and increased accessibility for investors.

The withdrawal of DWAC shares as physical certificates generally require Medallion Signature Guarantee – a certification stamp that guarantees the signature on a share certificate is authentic. Compared to traditional stock transfers, DWAC transactions are faster and more efficient as they eliminate the need for physical stock certificates. However, DWAC requires that the shares be DTC-eligible and can contribute to market volatility.

He’s a former investment banker and has a hefty background in the SPAC business (he’s been part of three before this one). The company’s chief financial officer is Luis Orleans-Braganza, who currently serves on Brazil’s National Congress. mercados financieros However, there are also potential risks such as liquidity concerns, market volatility, and the need for regulatory compliance. It is important for participants to carefully evaluate these risks and implement appropriate safeguards.

Hence, adherence to regulations is crucial for companies using the DWAC process. Rapid buying and selling of shares can lead to significant price swings, which could potentially affect investor confidence and the overall stability of the market. The Fast Automated Securities Transfer Program (FAST) is a contract between DTC and transfer agents whereby FAST agents act as custodians for DTC. Digital World Acquisition Corp DWAC and Phunware Inc PHUN shares are trading higher Wednesday. New reports suggest President Joe Biden’s approval ratings fell on a month-over-month basis.

  1. Traditional methods of stock transfers involve the physical delivery of stock certificates, which can take weeks to process.
  2. The DWAC process begins when an investor makes a request to their broker to deposit shares into their account.
  3. Digital World Acquisition’s share price has been on a strong upswing ever since the news broke.
  4. Both enable investors to hold securities in registered form on the books of the transfer agent, rather than in physical form.

With a market cap of roughly $3 billion, Digital World Acquisition could have more explosive upside. It’s a high-risk investment and will likely continue to see volatile trading in the near term. Investors should move forward with the understanding that Truth Social is still roughly a month from launch, and it’s likely that the platform has not yet generated any significant revenue. That makes valuing the combination of Digital World Acquisition and Trump Media & Technology Group a difficult task.

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But if the merger does not occur before the Jan. 1, 2025, deadline, and if DWAC returns investors’ money, the SEC has agreed to waive the penalty. Even so, Trump’s company going public is all dependent on shareholder approval. According to Julian Klymochko who runs a SPAC-focused exchange-traded fund, he’s never seen a SPAC deal get voted down. Shareholders are incentivized to approve it because of assets called warrants that they receive at the beginning of the SPAC.

Various media reports pegged its total user base at 1.5 million to 2 million currently, so the site will have a lot of work to do to hit these initial projections. Donald Trump launched Truth Social after he was banned from X/Twitter following the January 6 riots. Financial records show the former president’s social network is lost tens of millions this year.


The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on, top-rated podcasts, and non-profit The Motley Fool Foundation. Donald Trump’s social-media platform, Truth Social, has lost $73 million since its launch nearly two years ago, according to a regulatory filing Monday, raising doubts about its viability. The company was founded on December 11, 2020 and is headquartered in Miami, FL. To form a SPAC, a few people, often former bankers or corporate executives and sometimes celebrities, get together in the hopes of finding a worthwhile private company.


Deposit at Custodian (DWAC) is a financial process that allows electronic transfers of securities between broker-dealers and the Depository Trust Company (DTC). It eliminates the need for physical stock certificates and streamlines the transfer process. A DWAC transaction is initiated when an investor requests their broker to deposit shares into their account. The broker liaises with the transfer agent to start the DWAC process, and the shares are electronically transferred to the DTC, which then credits the shares to the investor’s account. Shareholders can deposit their stock into a brokerage account by either sending their physical stock certificate to their broker or by having the transfer agent send the shares directly to the broker through the DWAC system. The embattled special-purpose acquisition company seeking to merge with former President Donald Trump’s social media platform Truth Social has now lost most of its prior investment commitments, the la…

They regularly contribute to top tier financial publications, such as The Wall Street Journal, U.S. News & World Report, Reuters, Morning Star, Yahoo Finance, Bloomberg, Marketwatch, Investopedia,, Motley Fool, CNBC, and many others. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. Empire Stock Transfer Inc. is a professional agency dedicated to providing superior corporate services to clients worldwide.

This Is The Ultimate Donald Trump Stock: Is DWAC A Buy After New Hampshire Win?

If you haven’t heard of either of them, you may have heard of some of the high flying hedge funds that have invested in the SPAC, like Highbridge Capital Management, Lighthouse Partners, K2 Principal Fund, and Saba Capital Management. As the news goes viral, here are the answers to burning questions about the art of Trump’s latest deal. Our mission is to empower readers with the most factual and reliable financial information possible to help them make informed decisions for their individual needs.

View account balances, perform transactions and check your account history online. Trump-related stocks have been moving higher in recent weeks as a return to the White House for the former President looks increasingly likely. According to AP News, Trump has become the first Republican presidential candidate to win both primary races in Iowa and New Hampshire since both states began kicking off the election primaries in 1976.

Basically, Orlando incorporated Digital World Acquisition in Miami about a month after Trump lost the election, with the goal of merging with a “leading emerging growth technology company.” That war chest of cash will eventually be used to strike a deal with a target company. Someone on our team will connect you with a financial professional in our network holding the correct designation and expertise. Ask a question about your financial situation providing as much detail as possible.

The stock closed Thursday at $45.50, up from $9.96 the previous day. It was the most-traded stock on the market Thursday, with over 470 million shares changing hands. Our writing and editorial staff are a team of experts holding advanced financial designations and have written for most major financial media publications.