Trump SPAC partner Digital World Acquisition Corp (DWAC) soars 32% to start week

DWAC stock trades above $23 in pre-market.Digital World Acquisition Corp

DWAC needs 65% of its shareholders to vote in favor of extending the deal for another year, up until September 8, 2023, to be precise. Back in September when the initial vote was scheduled, the SPAC only had 43% of shareholders voting in favor. The problem is that a large percentage of DWAC shareholders are individual investors who do not pay attention to details like proxy votes. Getting in touch with so many individuals is tedious work.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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