By Staff Reporters
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Markets: The stock market kicked off its short trading week down as some investors questioned the enthusiasm around the Fed’s recent assurances that it’s still planning three rate cuts this year.
But Digital World Acquisition Corporation roared as the shell company that’s merging with Donald Trump’s Truth Social and will begin trading under its new ticker, DJT, today.
Digital World Acquisition Corp. (Nasdaq: DWAC) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
SPACS: https://medicalexecutivepost.com/2022/06/13/spac-v-direct-listing-v-ipo/
And, it popped after Trump got good news from a New York appeals court.
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: "Advisors Only", "Ask-an-Advisor", Accounting, Breaking News, Financial Planning, Funding Basics, Glossary Terms, Investing | Tagged: Digital World Acquisition Corporation, DJT, Donaly Trump, fed, inflation, SPAC, Truth Social | Leave a comment »














