2024-09-08 21:16:09 +0300

What Is Going on With Digital World (DWAC) Stock Today?

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InvestorPlace
By Chris Mac Donald

It’s been a rollercoaster ride over the past week for special purpose acquisition company (SPAC) Digital World Acquisition Corp (NASDAQ:DWAC), the blank check set to bring Trump Media and Technology Group public via a highly contentious reverse merger. Ahead of the initial vote on Tuesday, shares of DWAC stock surged above $25 per share. On Tuesday, shares plummeted as the vote on the merger was delayed due to the meeting being adjourned to provide shareholders with more time to vote.

Shares of DWAC stock are currently rallying toward the $24 level, surging 4% on bullish expectations. Today is the deadline for this vote to go through. And it appears many on social media believe word has spread and enough votes will be found to pass this merger.

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This positive sentiment comes amid reports that today’s meeting has been adjourned for three hours, to allow more votes to be counted. Whether that means something positive will come of this meeting or not is unclear. However, the market appears to be viewing these events positively.

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