💥🦁🌎 DWAC VOTE FOR MERGER ANNOUNCEMENT 💥🦁🌎
🏆 - WINNING - 🏆
I just received a notice to vote for DWAC approval:
- To approve the Merger of DWAC
- To change the name to TMTG - Trump Media & Technology Group
- Board Structure and Composition
- Amendment to Blank Check Provisions
- Authorized Share Charter Amendment
- Amendment and Restatement of the Digital World Charter
- Elect to Director: Kash Patel, W. Kyle Green, Linda McMahon, Donald Trump Jr, Eric Swider, Devin Nunes, Robert Lighthizer
- Incentive Plan Proposal
- The Nasdaq Proposal
- The adjournment Proposal
Special meeting of stockholders to be held March 22nd, 2024 to approve the merger of DWAC and TMTG.
Has any else received notice and voted?
Please share your thoughts in the comments!
Note: No part of this post is meant to be financial advice for anyone. Talk to your financial advisor, and tax accountant, and people you personally know and trust, before making any financial decisions.
I'm reading that SPAC warrents will trade post merger.
https://www.sofi.com/learn/content/spac-warrants-explained/
is their something different with DWACW?
Nope - I stand corrected. investors can buy and sell on the open market after the merger as well - I was confusing this with the when they can be issued by the SPAC, which is before the merger only. I still believe they will be at their highest valuation (in the case of where I bought them, at least) right before the merger. I will still hang on to some until after the merger and hold out until forced to redeem them by the new company (TMTG). New stock has to be issued for any warrants redeemed so if that happens all at once, either by a call or by them redemption date (June 2028). and that tends to drive the price down through dilution....or so I've read...
My plan is to try and sell the warrents at their best price and use the money to convert the rest.
But I don't expect this stock to act normally.
I will just hodl and see what happens.
Just bought 50 more today with the dip, probably buy 50 more tommorow I'm thinking it will dip all the way up to friday.