Digital World Acquisition stock sees wild swings as SPAC reiterates plans to merge with Donald Trump's Truth Social despite SEC probe
Acquiring Company
Trump Media & Technology Group Corp
Acquired Company
Truth Social
SarasotaSocial MediaSocial Media MarketingDigital MediaSocial Media ManagementSocial MediaSocial Media MarketingSocial Media ManagementDescription
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.
Quick answer
Trump Media & Technology Group Corp is acquiring Truth Social, announced May 6, 2024. Trump Media & Technology Group Corp is based in Sarasota, Florida, United States.
- How much did Trump Media & Technology Group Corp pay for Truth Social?
- The deal value was not disclosed.
- What does Trump Media & Technology Group Corp do?
- Trump Media & Technology Group Corp. is a Florida-based company primarily engaged in media and technology services.
- Where are Trump Media & Technology Group Corp and Truth Social based?
- Trump Media & Technology Group Corp is based in Sarasota, Florida, United States.
- Who are the decision-makers at Trump Media & Technology Group Corp?
- Fundz holds 2 contacts at Trump Media & Technology Group Corp. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Social Media and Social Media Marketing
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Donald Trump to receive 36M more shares in Trump Media & Technology Group based on stock performance (April 23, 2024)
- Digital World Acquisition Corp to merge with Trump Media & Technology Group, trading to begin on Nasdaq (March 25, 2024)
- Brandmovers, Inc. completes acquisition of The A Team to enhance loyalty programs and promotions (June 6, 2024)
- CareerArc Acquires Recruitment Video Platform Lumina to Transform Social Media Presence for Talent Acquisition (April 3, 2024)
- Cafeyn Group acquires Toutabo/ePresse to strengthen its position in French online press and media distribution market (June 19, 2024)
- AIOSEO acquires LowFruits: Revolutionizing keyword research for small businesses (May 30, 2024)
Who to call at Trump Media & Technology Group Corp, and when
When Trump Media & Technology Group Corp changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Trump Media & Technology Group Corp raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Trump Media & Technology Group Corp, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Truth Social?
Truth Social was acquired by Trump Media & Technology Group Corp, based in Sarasota. The deal was reported on May 11, 2024. Trump Media & Technology Group Corp. is a Florida-based company primarily engaged in media and technology services. Trump Media & Technology Group Corp is publicly traded (DJT) and operates in Social Media.
When did Trump Media & Technology Group Corp acquire Truth Social?
Trump Media & Technology Group Corp's acquisition of Truth Social was reported on May 11, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Truth Social do?
Truth Social is a social media company associated with former president Donald Trump. It became the focus of attention as Digital World Acquisition announced its intent to merge with Truth Social. It is privately held, operating in Social Media.
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