Donald Trump is one of the world’s most famous businessmen, but his companies have usually been privately held. Now investors have the chance to throw their lot in with the former president of the United States through Digital World Acquisition (DWAC). The stock has been boosted by the launch of the Truth Social app.
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The special purpose acquisition company (SPAC) is being used as a vehicle to take the Trump Media & Technology Group public. When the merger is complete it is likely to trade on the Nasdaq under the ticker “TMTG.” The intended time frame for merger completion has not been publicly disclosed, though it is expected to close later in 2022 if it passes regulatory muster.
Trump has boasted that he will offer a “Big Tent” platform as he attempts to take on technology giants such as Twitter (TWTR) and Facebook parent Meta Platforms (FB). But it has some regulatory…
