Tuesday Dec 17 2024 03:54
4 min
After the merger with Trump Media & Technology Group (TMTG) in March 2024, Digital World Acquisition Corp.'s (DWAC) identity transitioned to Trump Media & Technology Group Corp.
Digital World Acquisition Corp. (DWAC) was a special-purpose acquisition company (SPAC) that merged with Trump Media & Technology Group (TMTG), the owner of Truth Social, in March 2024. Here are some key points about DWAC:
1. Formation and Purpose: DWAC was founded in 2021 with the aim of acquiring or merging with a private company to take it public without going through the traditional IPO process. It was led by CEO and Chairman Patrick Orlando.
2. Merger with TMTG: The merger with TMTG was announced in October 2021 and completed in March 2024. This merger allowed TMTG to become a publicly traded company under the ticker symbol DJT.
3. Stock Performance: After the merger vote, DWAC's share price had significant fluctuations, notably closing at $36.94 on the day of the vote with an opening value of $43.92 and a high of $46.70.
4. Controversies and Legal Issues: Before the merger, there were concerns and legal scrutiny related to the timing of deal discussions, potential insider trading, and connections with other entities like ARC Capital and China Yunhong Holdings.
5. Current Status: After the merger, the entity is now known as Trump Media & Technology Group Corp. trading under the ticker symbol DJT on Nasdaq.
6. Stock Market Presence: Before merging, DWAC was listed on Nasdaq with its Class A common stock under the symbol "DWAC." Its units and warrants were listed under "DWACU" and "DWACW" respectively.
7. Investor Actions: Some investors chose to redeem their shares before the merger vote, taking a loss, while others saw potential in the new public entity.
Trump Media stock didn't rally after the election, since Digital World Acquisition Corp. (DWAC) merged with Trump Media & Technology Group (TMTG) in March 2024, the stock now trades under the symbol DJT. Here's an analysis based on available predictions for 2025:
Bullish Brokers suggests an average stock price of $50.17 by 2025, with a high of $100.33 in an optimistic scenario and a low of $30.09 in a conservative estimate.
Altindex.com uses an AI score to predict stability and projects DWAC's price to reach $51.37 in 2025.
CoinCodex predicts a price of $67.75 for 2025, assuming DWAC shares will continue growing at their average yearly rate from the past 10 years.
Walletinvestor.com provides a more aggressive forecast, suggesting a maximum price of $81.27 and a minimum of $69.23 for January 2025.
Pandaforecast.com offers a more conservative outlook with a weighted average target price of $29.78 for February 2025, expecting negative dynamics but with a potential for recovery later in the year.
Longforecast.com predicts a starting price of $75.11 for January 2025, with growth expected throughout the year.
30rates.com forecasts a price range for January 2025 between $75.25 and $81.27.
Average Price: Around $60.53 for August 2025, according to some forecasts.
Range: From a low of $29.78 to a high of $100.33, based on different scenarios and methodologies.
Considerations:
1. Volatility: DWAC's stock has been highly volatile, influenced by political events, regulatory issues, and market sentiment around TMTG's operations, especially Truth Social.
2. Legal and Regulatory Risks: The settlement with the SEC and ongoing scrutiny could continue to affect investor confidence and stock price.
3. User Engagement and Monetization: The success of Truth Social in terms of user growth and monetizing its user base will be critical.
4. Political Influence: Donald Trump's political activities and public perception can sway stock prices significantly.
Given the speculative nature of these predictions, potential investors should approach with caution, considering the high volatility and the unique political influences on this stock. Always conduct thorough research or consult with a financial advisor for personalized advice.
When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.