on Digital World Acquisition Corp. (NASDAQ:DWAC)
Digital World Acquisition Corp. Merges with Trump Media & Technology Group Corp. to Trade on Nasdaq
Digital World Acquisition Corp. (Digital World) and Trump Media & Technology Group Corp. (TMTG) have announced the finalized business combination, readying TMTG for its Nasdaq debut on March 26, 2024, under the ticker symbols "DJT" for its common stock and "DJTWW" for its public warrants. This marks a significant merger in the media and technology sectors.
Post-merger, the entity will operate under the Trump Media & Technology Group Corp. name, led by CEO Devin G. Nunes and the existing management team. The merger signifies a pivotal movement in the media and technology landscape, aiming to challenge the current industry norms and fostering innovative growth.
Newly appointed TMTG director, Eric Swider, expressed his enthusiasm about the potential of this partnership to redefine the industry by leveraging combined strengths. TMTG's vision, as highlighted by CEO Nunes, is to build a platform that supports free expression and stands against Big Tech censorship, creating a safe harbor on the internet.
Legal and financial advisories for the merger were provided by Paul Hastings LLP and Nelson Mullins Riley & Scarborough LLP for Digital World and TMTG, respectively, with EF Hutton, LLC acting as the sole underwriter and exclusive placement agent.
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