DWAC merger vote begins soon (likely THIS week) and concludes on March 22,2024! It's the LAST step before becoming new stock market ticker symbol "DJT"
(finance.yahoo.com)
LET'S GOOoOoooo!!!
322 - Rub it into the enemy's face as we "appropriate" all their symbolism!
Skull and bones number, right?
Yep
DWAC transfer agent is "Continental Stock Transfer & Trust Company". Call them (800.509.5586) to verify/discuss process: https://continentalstock.com
Send a few shares over from your broker via a Direct Registration of Stock (DRS) request to broker to verify process. Get Continental account access checked and working. Verify they come across as “book” (there is currently no investment plan option at Continental for $DWAC). Your address on file with brokerage is what is used to send over to Continental for them to send you paperwork, etc. I have confirmed it works and now have 90% of my shares at Continental in "book".
HODL'ing until warrants ($DWACW) can be exercised around 2026, then might sell a few shares. I am also getting stock certificates printed and sent to me for ~$100 fee (per request). Typically, this can take 2-6 weeks for delivery.
Great info.
Those with DWACW need to start to pay attention closely!
I'm setting aside some cash to exercise those beauties, if that's what you mean. 😁
Are we notified as when to exercise?
That's why I found u/greatnipples comment a bit confusing. The warrants as I understand it allow the holder to buy a share at $10 before 2028 or thereabouts. That action isn't available until a deal is consummated, but it's not like you immediately have to do so.
I think it’s $11.25 per share and there will be a time limit to exercise. It seems like we all need to do some research to protect our investments
I thought it was $11.50 and not $10. Thanks for the info about 2028, I didn’t realize we had that long.
My plan has been to hold long-term my 500 shares, but I also have 2,000 warrants that I’m going to play by ear, as this unfolds. I will probably sell a portion of them to raise $ toward converting some of the warrants to more shares. Hearing that we have until 2028 is good news, as I won’t be rushed into selling warrants too quickly, and can (hopefully) let them rise in value before selling.
Lol I thought it was $7
Don't quote me on the exact timeframe for that. Struggling to find it in the SEC docs. I'm sure all will be clear soon as far as the dates.
The warrants are still good for a few year yet, there isn't a rush. I still have Rumble warrants from before it changed from CFVI to RUM. What you'll see at first is if you have DWACU units those will get split and for each you'll receive a warrant and half a share.
I believe the $DWACW warrants expire in 2026 (03SEP?). You can confirm with your broker or check here: https://www.sec.gov/edgar/browse/?CIK=1849635&owner=exclude
Stock and warrant info is likely in the prospectuses or in filings related to stock issuance.
See page 132: https://www.sec.gov/Archives/edgar/data/1849635/000110465921111753/tm2124624d5_s1a.htm
I'm sitting on 40 right now. Can't wait to see what happens.
Is DWAC a SPAC to fund Trump Media & Technology Group, or is it actually something MUCH larger? The research that @edwinbarnesc on X does suggests that it’s the latter.
We will likely see some exposure of the "fake share" creation being used to naked short with $DWAC/$DJT. Big part of the float is likely already locked by individual investors (I estimate at least 30%). Trump haters are staying away, so more for anons. I estimate only 1.17 shares available for purchase if just 25% of 2024 Trump supporters (~25M people) want to buy (not including warrants).
Note that relatively small number of actual shares and the very small % controlled by institutional investors. Now we just need individuals to DRS their shares over to Continental to remove those shares from custodial control: https://continentalstock.com
So for the warrants, please correct me if I’m wrong, but it seems to exercise them you may end up paying taxes twice on them. It sounds like at exercise you will pay the difference in your cost basis and the fmv at time of exercise as ordinary income. Then if you sell the stock you would pay capital gains.
That said selling the warrants as they increase and approach the merger maybe a better deal?
https://finance.zacks.com/taxation-stock-warrants-7458.html
What a great birthday present!
That’s awesome honestly lol
Sooooo.....
Is this a good time to buy warrants since things are looking better and better?????
Any early redemption clauses in the S1 or do you have 5 yr. to exercise????
The stock ticker becomes TMTG not DJT
No, it will be DJT and that's been published.
I haven't heard that and struggling to find any news about that are you sure?
Not sure why it wouldn't just be named after the company, they already call it TMTG
Edit: Also looks like DJT already is a stock ticker for Dow Jones Transportation
https://www.sec.gov/Archives/edgar/data/1849635/000119312524038590/d408563d424b4.htm
Oh wow there it is thanks for the dig
Sauce?
Just an assumption based on articles referring to TMTG as TMTG many times in the lead up to this. Since DWAC will be merging with/become TMTG I don't see how it wouldn't trade as TMTG
I can't find any confirmation one way or the other, but DJT is already a ticker for the Dow Jones Transportation index or something
It was in one of the recent filings (within the last week) that the name would be DJT. Sorry I can't point you to the exact page (the S4 is over 200 pages long) but its in there. If you go to the DWAC group on Truth Social it's been talked about a bunch as well.
FOUND it about 5 paragraphs into the S4/A filed on 2/12/24. This is what it says: Digital World’s Public Units, Digital World Class A common stock and Digital World’s Public Warrants are publicly traded on the Nasdaq. We will apply to list the New Digital World common stock issuable upon consummation of the Business Combination on Nasdaq under the symbols “DJT” and “DJTW,” respectively, upon the Closing. Upon the Closing,
Why would anyone even do this? They cant see the potential for a hostile takeover?
What happened to X?
What happened to Project Veritas?
Can’t have a hostile take over if insiders own the majority shares.
Insiders+Trump supporters likely will be at 90% ownership of float soon if not already. If any nefarious elements, they are likely buying the warrants, but those are pay to play. Not rent free to make the "hostile takeover" play. Unclear if enough warrants could be purchased/exercised later to monkey things up.
Cabal preferred play for takeover/control is corporate debt, specifically senior secured or convertible debt notes. They may manipulate the stock price, but it is typically to starve the company of capital and force them to take on debt.
What about naked shorting? What about like with GameStop?
Yes, they appear to be doing this to $DWAC as well. However, $RUM now at an impossible 27% of float shorted and appears to be the current HF target. Hedge funds are likely waiting for $DWAC merger now before expending more ammo against it. If you have $RUM shares DRS them over to Computershare (transfer agent) to remove liquidity HF are using to manipulate the price.
Note that $RUM is closely allied and partnering with $DWAC, so cabal going after them as well.
Trump owns 58%, as long as he isn't selling, no one can take over.
White hats are training us in corporate governance to prevent that.
Civics, accounting, business: we're all getting adult crash courses in this stuff.
Check out theppshow on YouTube if you want to join in the fun.
Initial public float of ~30M shares is very very low. Warrants will come online later and be converted to more shares to expand the float, but anons and Trump supporters have been very aggressive buyers locking up a significant portion of the float now.
If the float is locked and Direct Registered under individual ownership, there is not much Hedge Funds can legally do about it. And if their naked shorting grift ever gets stopped, they are done. We might actually see "non simulated stock prices" at some point in the near future.