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Digital World Acquisition stock sees wild swings as SPAC reiterates plans to merge with Donald Trump's Truth Social despite SEC probe

May 11, 2024•over 1 year ago

Acquiring Company

Digital World Acquisition

Acquired Company

Truth Social

MiamiSocial Media ManagementSocial Media MarketingSocial Media

Description

Amid significant stock price fluctuations, Digital World Acquisition stock experienced a 12% jump after reiterating its intent to merge with Truth Social, despite facing an expanded probe by the SEC. The SEC's investigation seeks additional information about communications company insiders had with Truth Social and other acquisition targets, raising uncertainty about the planned merger.

Company Information

Company

Digital World Acquisition

Location

78 SW 7th Street

Miami, Florida, United States

About

Digital World Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While we may pursue an initial business combination target in any business or industry, we intend to focus on combining with a leading tech company.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed