Inside the “weird” world of DWAC, Trump’s already soaring social media SPAC | Salon.com

US President Donald Trump arrives for a campaign rally at Pittsburgh International Airport in Moon Township, Pennsylvania on September 22, 2020. (MANDEL NGAN/AFP via Getty Images)

DWAC and SPAC are the sounds you’d expect to see in a cartoon voice bubble. DJ Trump is currently the total commercialized product of a comic character like the Joker, an entertainer, a fraudster, a wannabe politician and the living head character in a updated version of Springtime for Hitler on Wall st. He’s the total package and he’s being marketed by people far smarter than him. Money Guns and Lawyers are all involved and are there to protect their asset.

DWAC is what’s known as a “SPAC,” or special purpose acquisition company. The strategy, which has become popular in recent years as a way to sidestep the typically onerous regulatory process of taking a company public, typically occurs when a non-public company merges with a shell company that is already public. In this case, DWAC is set to merge with “Trump Media & Technology Group.”

Source: Inside the “weird” world of DWAC, Trump’s already soaring social media SPAC | Salon.com