Digital World Acquisition Corp.
Special-purpose acquisition company / From Wikipedia, the free encyclopedia
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.[1][2] The company was led by CEO and Chairman Patrick Orlando, the founder and CEO of investment consulting and investment banking firm Benessere Capital.[3] In October 2021, the company announced a proposed merger agreement with Trump Media & Technology Group (TMTG), the owner of Truth Social, which completed in March 2024.[4][5]
It has been suggested that this article be merged into Trump Media & Technology Group. (Discuss) Proposed since April 2024. |
Quick Facts Company type, Traded as ...
Company type | Public |
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Industry | Special-purpose acquisition company (SPAC) |
Founded | 11 December 2020 |
Defunct | March 2024 (March 2024) |
Fate | Merged with Trump Media & Technology Group |
Website | www |
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