Sounds like DWAC's time to complete a business combination with Truth Social is about to expire. The vote is to allow for another 3 months and they can do this again up to 3 times for a total of 12 months before expiration.
Digital World Acquisition Corp. Announces Filing of Definitive Extension Proxy Statement and Reminds Stockholders to Vote in Favor of Extension Amendment Ahead of Special Meeting
As for the price, the company has 0 income and the value is completely on speculation of a merge with Truth. This does not scare me as I have other holdings that are based on pure speculation: GME, TSLA, CFVI, and crypto. I think it's fair to think that some people will panic and sell their shares within the next few days. I wonder if big money will buy the drip.
"The Analysts eye on Digital World Acquisition Corp. (DWAC)
During the last month, 0 analysts gave the Digital World Acquisition Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock
UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 36.74, with a change in the price was noted -33.83. In a similar fashion, Digital World Acquisition Corp. posted a movement of -53.49% for the period of last 100 days, recording 1,728,186 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DWAC is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00."
Sounds like DWAC's time to complete a business combination with Truth Social is about to expire. The vote is to allow for another 3 months and they can do this again up to 3 times for a total of 12 months before expiration.
Digital World Acquisition Corp. Announces Filing of Definitive Extension Proxy Statement and Reminds Stockholders to Vote in Favor of Extension Amendment Ahead of Special Meeting
https://archive.ph/wip/vAgtz
thanks, I am aware of the vote, not sure why I haven't received a proxy letter to vote with, will call Fidelity today.
Just unclear as to the tender offer and why it is set at 1/3 the actual stock price.
I believe that's the unit price every SPAC offers. I'm not super good at this stuff either but...
Interesting.
I just received mine from Etrade - 8:40AM EST.
As for the price, the company has 0 income and the value is completely on speculation of a merge with Truth. This does not scare me as I have other holdings that are based on pure speculation: GME, TSLA, CFVI, and crypto. I think it's fair to think that some people will panic and sell their shares within the next few days. I wonder if big money will buy the drip.
"The Analysts eye on Digital World Acquisition Corp. (DWAC) During the last month, 0 analysts gave the Digital World Acquisition Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock
UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating. According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 36.74, with a change in the price was noted -33.83. In a similar fashion, Digital World Acquisition Corp. posted a movement of -53.49% for the period of last 100 days, recording 1,728,186 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DWAC is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00."
https://archive.ph/1ogxN