Trump Media & Technology to go public via a SPAC merger with Digital World Acquisition in a $1.7bn deal.

Trump Media & Technology, an American media and technology company founded in 2021 by former US president Donald Trump, agreed to go public via a SPAC merger with Digital World Acquisition, a special purposes acquisition company, in a $1.7bn deal. "Digital World was formed to create public shareholder value and we believe that TMTG is one of the most promising business combination partners to fulfill that purpose. DWAC currently has $293m in trust, assuming minimal redemptions, which can fuel TMTG’s scale up, including to provide world class leading technology services to build strong and secure social networks and diverse media offerings. Given the total addressable market and President Trump’s large following, we believe the TMTG opportunity has the potential to create significant shareholder value," Patrick F. Orlando, DWAC Chairman and CEO.