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Digital World Acquisition Corp. (DWAC)

NasdaqGM - NasdaqGM Real-time price. Currency in USD
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41.16-4.00 (-8.86%)
At close: 04:00PM EST
40.85 -0.31 (-0.75%)
After hours: 08:00PM EST
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  • Reuters

    UPDATE 1-Architect of Trump's social media deal sues to block transaction

    A former executive of the blank-check acquisition vehicle that plans to take Donald Trump's social media company public sued to block the deal until he obtained a larger payout, according to a lawsuit docketed on Thursday in Delaware. ARC Global Investments II, which is controlled by Patrick Orlando, said it was being short-changed the amount of stock it should receive in Digital World Acquisition Corp (DWAC) once it merged with the former president's Trump Media & Technology Group Corp (TMTG). It asked the Delaware's Court of Chancery to expedite the case to resolve the stake prior to the March 22 vote by DWAC shareholders to approve the deal.

  • Reuters

    Architect of Trump's social media deal sues to block transaction

    WILMINGTON, Delaware (Reuters) -A former executive of the blank-check acquisition vehicle that plans to take Donald Trump's social media company public sued to block the deal until he obtained a larger payout, according to a lawsuit docketed on Thursday in Delaware. ARC Global Investments II, which is controlled by Patrick Orlando, said it was being short-changed the amount of stock it should receive in Digital World Acquisition Corp (DWAC) once it merged with the former president's Trump Media & Technology Group Corp (TMTG). It asked the Delaware's Court of Chancery to expedite the case to resolve the stake prior to the March 22 vote by DWAC shareholders to approve the deal.

  • Bloomberg

    Trump Eyes $4 Billion Stock Windfall as His Legal Bills Pile Up

    (Bloomberg) -- On the financial front, the news has appeared dire for former president Donald Trump this year. Within a span of just a month, two judges in two separate cases ordered him to pay about $540 million in total — a sum so great that pundits have speculated it could erode his campaign finances.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldTrump Eyes $4 Billion Stock Windfall as His