The price of shares in Digital World Acquisition Corp.
closed trading Friday nearly 14% lower than their opening price after the shell company’s shareholders approved a merger with the social media company owned by former President Donald Trump.
DWAC had opened the trading day at $44.20 per share, but quickly tumbled on the heels of the vote.
By the market close, DWAC shares were selling for $36.94 per share, a drop of $5.87, or 13.71%
The newly merged company, Trump Media, could begin trading under the new ticker DJT next week.
www.cnbc.com/2024/03/22/trump-social-dwac-stock-falls-after-merger-approved.html
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