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Truth Social and Digital World Acquisition's SPAC Deal Is Falling Apart

TheMotleyFool

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Truth Social and Digital World Acquisition's SPAC Deal Is Falling Apart: https://g.foolcdn.com/editorial/images/702659/youtube-thumbnails-17.png

Digital World Acquisition Corp (NASDAQ: DWAC) was one of the hottest SPACs in the world when it announced an acquisition deal with Donald Trump's Truth Social. But the deal is under pressure now that investors in a $1 billion PIPE financing deal are starting to back out. This video covers the recent news and why this SPAC may be in a downward spiral.

*Stock prices used were end of day prices of Sept. 27, 2022. The video was published on Sept. 27, 2022.

Source Fool.com

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