Trump media and technology group The IPO via the SPAC merger was one of the biggest stocks storylines of 2021. The company may remain private for a little longer as the SPAC attempts to take the company public without securing a vote extension. Since the company is no longer a stock for fans of former President Donald Trump Here’s a look at some publicly traded companies and an ETF that Trump investors could invest in.
What happened: Digital World Acquisition Corporation DWAC is exposed to the risk of liquidation, with insufficient shareholders voting to extend the merger deadline for the company to enter into a merger agreement. The current deadline is September 8, 2022 to reach an agreement, a date that may be extended to March by the company.
Digital World Acquisition is to attempt to persuade shareholders to extend the merger deadline by one year to September 8, 2023.
Without the extension, the company’s deal to merge with Trump Media & Technology Group could face challenges as multiple ongoing investigations delay the deal’s completion.
Shareholders who choose not to extend the merger vote could see Digital World Acquisition pursue a different goal or decide to go into liquidation. When the SPAC is liquidated, the value of the stock falls to $10 plus interest for the trust, which is well below the current stock price.
Related link: Donald Trump’s SPAC deal could hit new hurdle in vote extension, could merger fall apart?
Stock to watch: Here’s a look at several stocks with ties to Donald Trump that may see interest if investment in the DWAC SPAC dwindles.
One stock that soared Tuesday and could generate a lot of interest from Donald Trump fans is the stock CF Acquisition Corp VI CFVIwhich is merge With rumble. Similar to Truth Social, Rumble is a free speech-focused social media platform.
Rumble also works with Truth Social and collaborates on its advertising platform.
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