Digital World CEO says more Trump deal details coming

Reuters2021-10-22

Digital World Acquisition Corp(DWAC) Chief Executive Patrick Orlando said that a regulatory filing providing more details on his deal to take former U.S. President Donald Trump's new social media venture public will be published "soon".

Digital World has provided few details thus far about the deal, which gave an initial valuation to Trump Media and Technology Group of $875 million, including debt.

Despite this, Digital World's shares ended trading on Thursday up 357%, the biggest rally in the stock of a special purpose acquisition company (SPAC) following a deal announcement.

"Maybe around Thursday," Orlando said when reached by Reuters by phone and asked when he would be releasing more financial details about the deal.

He added that a "full 8-K filing" will be filed with the U.S. Securities and Exchange Commission soon. He declined to provide more details.

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精彩评论

  • JarenSin
    2021-10-24
    JarenSin
    Will there be another wave of insane rise and fall?
  • ValuInvestor
    2021-10-23
    ValuInvestor
    People buying into crazy hype when details are scarce
  • rubywinter
    2021-10-23
    rubywinter
    👍🏼
  • galvinpangg
    2021-10-23
    galvinpangg
    Wow…
  • ASMH
    2021-10-23
    ASMH
    Like 
  • LWHo
    2021-10-23
    LWHo
    [财迷] 
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