#Trump SPAC


Trump SPAC skyrockets as much as 1,657% since deal was announced

New York (CNN Business) — Former President Donald Trump's planned return to Wall Street is setting off a frenzy. Shares of the shell company that Trump's new media company plans to merge with surged as much as 284% on Friday, prompting a series of trading halts for volatility. The company,...
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Why Donald Trump’s media SPAC could be the ultimate meme stock

This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. On Wednesday, former President Donald Trump unveiled plans to take a new social media and conservative streaming company public via merger with a special purpose acquisition company known as Digital World Acquisition.
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Trump Had A Public Company Before. It Was A Disaster

Donald Trump announced plans Wednesday to turn a new firm, named Trump Media and Technology Group, into a publicly traded business by merging it with a special purpose acquisition company, or a SPAC. If the deal goes through, it could allow Trump’s company to access about $290 million in cash, which it could then use to build a Twitter knockoff and launch additional media ventures. Investors are thrilled with the idea—shares of the SPAC jumped more than 350% on Thursday. But they might be less enthusiastic if they had a full understanding of how Trump had treated those who bet on him in the past.

Premarket Movers Friday - Snap, Digital World Trump SPAC, Intel

U.S. equity futures traded mixed Friday with tech stocks hit by a warning on ad spending from social media group Snap (SNAP) - Get Snap, Inc. Class A Report. Here are some of the top movers ahead of the opening bell on Friday. 1. Snap SNAP | Down 21%. Shares...

One Trump Media SPAC Investor Has Already Pulled Out

Former president Donald Trump announced earlier this week that he is launching his own media company, which will include a social media platform and be partially funded by a merger with a SPAC. One of the SPAC’s investors, however, is already out of the picture. The New York Times revealed...

Bitcoin, PayPal, Trump SPAC: Investments in the Spotlight

Bitcoin surged past $66,000 to reach a record high on Wednesday, fueled by the launch of the ProShares Bitcoin Strategy ETF under the ticker BITO, the first exchange-traded fund linked to the cryptocurrency for U.S. investors. The digital currency is currently up 120% in 2021. Bitcoin had slumped after reaching...

SPAC tied to Trump's new social media deal extends rally

Oct 22 (Reuters) - Shares of the blank-check firm that plans to publicly list former U.S. President Donald Trump’s new social media company soared again on Friday, as small-time investors talked up the stock on message boards. Digital World Acquisition Corp’s shares surged about 60% to $71.35, with more than...

Trump deal delivers $420 mln windfall for wondering dealmaker

Oct 21 (Reuters) - A merger with former U.S. President Donald Trump's new social media venture has delivered a potential windfall of $420 million for a former finance executive who has been trying for a decade to reinvent himself as a serial dealmaker. Benessere Capital CEO Patrick Orlando's stake in...

Snap Top-Discussed Stock On WallStreetBets Today, Donald Trump's SPAC Partner Also Sees High Interest Alongside Tesla

Snap Inc. (NYSE:SNAP) has emerged as the most-discussed stock on Reddit’s r/WallStreetBets forum as of Thursday night, while Tesla Inc. (NASDAQ:TSLA), Digital World Acquisition Corp. (NASDAQ:DWAC), Facebook Inc. (NASDAQ:FB) and PayPal Holdings Inc. (NASDAQ:PYPL) are also seeing high interest. What Happened: Snapchat parent Snap is seeing the highest interest on...

The Trump crackdown hits the SPAC world

A close advisor to former President Donald Trump and one of his top fundraisers in 2016, private equity investor Tom Barrack was charged last week with acting as an agent for the United Arab Emirates. While he is set to be freed on a $250 million bond ahead of a...