Digital World Acquisition (DWAC) shareholders voted on Friday to approve the SPAC’s proposed merger with Trump Media & Technology Group, the company behind Donald Trump’s social media platform Truth Social. The merger values TMTG at an enterprise value of about $1.1 billion at the $10 transaction price, and the combined company...read more
Blank-check mergers have faced a myriad of challenges lately, including poor returns, high redemptions, and rising terminations. In this tough environment, 2022 SPAC mergers have taken longer to complete than prior years, averaging about 7 months from deal announcement to completion. That is 34% longer than the class of 2021 (5.2 months) and 55% longer than 2020 de-SPACs (4.5 months)...read more
Trump Media and Technology Group approved for Nasdaq listing; a multi-billion dollar bet on a second Trump term
Digital World Acquisition (DWAC) shareholders voted on Friday to approve the SPAC’s proposed merger with Trump Media & Technology Group, the company behind Donald Trump’s social media platform Truth Social. The merger values TMTG at an enterprise value of about $1.1 billion at the $10 transaction price, and the combined company...read more
SPAC mergers now take more than 7 months to complete on average
Blank-check mergers have faced a myriad of challenges lately, including poor returns, high redemptions, and rising terminations. In this tough environment, 2022 SPAC mergers have taken longer to complete than prior years, averaging about 7 months from deal announcement to completion. That is 34% longer than the class of 2021 (5.2 months) and 55% longer than 2020 de-SPACs (4.5 months)...read more