But equally likely, perhaps they fear that the former President could instantly torpedo the merger.
Maybe they reasoned the political fallout might be too great. Shaw - had sold all of their unrestricted stock. On Friday, news emerged that DWAC’s primary investors - Lighthouse Investment Partners, Saba Capital Management and D.E. Trump supporter or not, Main Street finally agreed on one thing.ĭigital World Acquisition (NASDAQ: DWAC) was going to the moon.ĭonald Trump’s media SPAC would rise from $10 to $175 in a matter of hours, driven by buying from both die-hard fans and Redditors looking to cash in on the hype.īut there was one group that was getting out. For a brief moment on October 21, America’s political divide vanished.
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