DWAC shares soar as merger with Trump social media company appears closer
Publishing timestamp: 2024-02-15 12:16:50
Summary
Shares of Digital World Acquisition Corp. (DWAC) rose over 15% after the Securities and Exchange Commission (SEC) approved its proposed merger with Trump Media and Technology Group. DWAC will soon announce the date for shareholders to vote on the merger. The merger has faced delays due to investigations by the U.S. Department of Justice and SEC. DWAC's stock has been performing well as former President Donald Trump is seen as a likely Republican nominee for president.
Sentiment: POSITIVE
Keywords: breaking news: markets, digital world acquisition corp, markets, donald trump, breaking news: politics, politics, business, sunlands technology group, social media, securities fraud, business news,
Source: https://www.cnbc.com/2024/02/15/trump-social-media-merger-with-dwac-appears-closer.html