DWAC, the Trump Social-Media SPAC, Quadruples - The Wall Street Journal
Oct 21, 2021 21 secs
Investors on Thursday piled into shares of the special-purpose acquisition company taking former President Donald Trump’s new social-media platform public, igniting a buying frenzy reminiscent of the SPAC craze from early this year.

Trump Media & Technology Group said late Wednesday it would combine with the SPAC and soon launch a new social network called Truth Social.

The deal values the Trump media company at about $875 million, including debt.

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