Digital World Acquisition Corp.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Eric S. Swider
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 78 SW 7th Street Miami FL United States of America 33130
- IPO Date
- Sep 30, 2021
- CIK
- 0001849635
- Website
- dwacspac.com
- Similar Companies
- Business
- Digital World Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in 2020 and headquartered in Miami, Florida. The company is primarily focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, particularly targeting leading technology companies in the SaaS, fintech, and financial services sectors across the Americas. As a blank check company, Digital World Acquisition Corp. does not have significant operations of its own but serves as a vehicle to identify and complete business combinations that create value for shareholders. Its core activity involves raising capital through an initial public offering and seeking merger opportunities with emerging growth technology-focused companies. The most significant recent development for Digital World Acquisition Corp. is its completed business combination with Trump Media & Technology Group Corp. (TMTG), a Delaware-based corporation, in a reverse merger transaction finalized in March 2024. This strategic merger expanded Digital World's operational scope into media and technology, beginning with TMTG's initial product, Truth Social. Following this transaction, the company began trading on Nasdaq under the ticker symbol DJT. Recent company filings include amended financial statements and the preparation of a Registration Statement on Form S-4 in support of the merger. The company also faced regulatory scrutiny, settling charges with the SEC regarding material misrepresentations in its IPO filings and agreeing to an $18 million penalty contingent upon closing the merger. Digital World Acquisition Corp. operates primarily within the technology, media, and fintech industries with an emphasis on digital acquisition strategies. It serves middle-market, emerging growth companies aiming for rapid expansion in these sectors. The firm maintains a concentration on the Americas for its business combination targets and currently operates through its merger with TMTG, which positions it within social media and technology markets. The company's management team includes leadership appointed from both entities following the merger, with Eric Swider formerly serving as CEO of Digital World and transitioning into a director role at TMTG. Overall, Digital World Acquisition Corp. stands as a Miami-based SPAC formed in 2020 to pursue transformational mergers and acquisitions in technology-driven sectors, recently achieving a major strategic milestone by completing its merger with Trump Media & Technology Group and expanding its operational footprint into media and social technology sectors. Its ongoing focus includes advancing growth initiatives under the combined entity while managing regulatory and operational compliance in the public markets.
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