Trump Media & Technology Group

From Kit Norton's 3-21-24 INVESTORS BUSINESS DAILY article entitled "Donald Trump Needs Cash. DWAC To Vote On Trump Media Merger This Week.":

Shareholders of Digital World Acquisition (DWAC), the special purpose acquisition company aiming to take former President Donald Trump's tech and social-media platform public, are scheduled Friday to vote on the long-awaited merger with Trump Media & Technology Group. DWAC shares fell Thursday.

DWAC stockholders are currently set to hold a meeting Friday to approve the special purpose acquisition company's merger with Trump Media, according to federal filings. Meanwhile, Trump is having trouble securing a nearly half a billion dollar bond to appeal his $454 million civil business fraud judgment.

The Miami-based SPAC has a history of postponing and rescheduling shareholder votes.

DWAC aims to take Trump Media and Technology Group (TMTG) public in a reverse merger. Trump Media is the parent of the conservative social-media platform Truth Social.

If DWAC shareholders approve the merger Friday, TMTG will be a wholly owned subsidiary of Digital World. DWAC will then change its name to Trump Media & Technology Group, according to regulatory filings. If the merger is completed, Trump's 90% stake in TMTG could be valued at around $4 billion, based on DWAC's current stock price.

To read the entire article, click HERE.