Digital World Acquisition (DWAC)
About Digital World AcquisitionCopy link to section
What is Digital World Acquisition?Copy link to section
Digital World Acquisition is a blank check company, also known as a special-purpose acquisition company (SPAC). The company is formed with the sole purpose of merging or acquiring another business. It is set to complete a merger with Trump Media & Technology Group Corp.
How does Digital World Acquisition make money?Copy link to section
It does not provide any products or services and its sole purpose is to raise funds via the stock market. SPACs such as Digital World Acquisition list on the stock market and sell shares for $10 each. In the case of DWAC. It was listed on the NASDAQ in 2021 but has yet to confirm any deals.
What is Digital World Acquisition’s best selling product or service?Copy link to section
Digital World Acquisition does not sell any products or provide any services. It is set to take Trump media and technology group public, however, this still needs to be agreed upon. Trump media owns Truth Social, a social network used by former President Donald Trump following his ban from Twitter.
Who are the key executives at Digital World Acquisition?Copy link to section
Patrick Francis Orlando is DWAC’s chairman and CEO. There are several other executives at the company; below is a list of the most notable ones.
- Patrick Francis Orlando Chairman & Chief Executive Officer.
- Luis Orleans-Braganza Chief Financial Officer.
- Lee Jacobson Independent Director.
- Justin L. Shaner Independent Director.
- Eric Swider Independent Director.
- Rodrigo Veloso Independent Director.
Where can I buy shares in Digital World Acquisition?Copy link to section
You can buy Digital World Acquisition stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Digital World Acquisition?Copy link to section
The simplest way to invest in Digital World Acquisition is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to generally invest in the stock market rather than focus on one company.
Digital World Acquisition is part of the NASDAQ index, so you can invest in an ETF that tracks that index.
More about the DWAC priceCopy link to section
What is the Digital World Acquisition stock price today?Copy link to section
The DWAC stock price today is currently $21.24 as of November 2022. The price of Digital World Acquisition is down 58% in 2022. You can use the live Digital World Acquisition stock chart to track the NASDAQ:DWAC price in real time above or compare the Digital World Acquisition value today to its past performance using the Digital World Acquisition financials tab at the top of this page.
What is the 52-week low for Digital World Acquisition stock?Copy link to section
The 52-week low for Digital World Acquisition stock is $15.20. DWAC stock is currently 39% above the 52-week low.
What is the 52-week high for Digital World Acquisition stock?Copy link to section
The 52-week high for Digital World Acquisition stock is $101.87. DWAC stock is currently 79% below the 52-week high.
What is the stock forecast for Digital World Acquisition?Copy link to section
The average Digital World Acquisition stock forecast has a price target of $100 by the end of 2025. Digital World Acquisition’s latest financial results, the broader economic outlook, and if it can complete any acquisitions affect these predictions.
It’s best to take analyst forecasts with a grain of salt, but you can use their estimates to help you understand the weight of opinion about a stock.
More stock guidesCopy link to section
FAQsCopy link to section
Digital World Acquisition’s market capitalisation is $793 million. This is calculated by multiplying the number of shares that have been issued by the current DWAC share price. Another way of measuring this is enterprise value, which includes Digital World Acquisition’s debt obligations. Digital World Acquisition’s enterprise value is $796 million.
DWAC was listed on the Nasdaq stock exchange in September 2021 via an initial public offering.
Pentwater Capital Management LP owns the largest stake in Digital World Acquisition with just under 1 million shares, amounting to 3.23% of the company.
DWAC is a SPAC and provides no service or product presently. However, it has a deal to acquire Trump media, which owns Truth social. Its main competitors will be other social networking platforms if this deal goes ahead. Here’s a list of some of the businesses it will be up against.
- Twitter. Twitter is why Truth Social was born after Donald Trump was banned from the social network. It is now privately owned by Elon Musk.
- Meta. Meta (Facebook) is one of the best known social networking platforms.
- Snap. Snap is another well known and well used social networking platform.
No, Digital World Acquisition is a new business that has never had a stock split.
Digital World Acquisition files its earnings reports four times per year. However, the dates on which it files can change.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >