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Reading: Trump Social-Media SPAC Could Make Its Backers $440 Million
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The Wall Street Publication > Blog > Markets > Trump Social-Media SPAC Could Make Its Backers $440 Million
Markets

Trump Social-Media SPAC Could Make Its Backers $440 Million

Editorial Board Published October 27, 2021
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Trump Social-Media SPAC Could Make Its Backers 0 Million
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The obscure financiers who launched the shell company that is taking former President Donald Trump’s social-media venture public are poised for a big payday if the deal gets completed.

The total windfall would stand at about $440 million at the stock’s current price, after shares skyrocketed more than sixfold following the deal’s announcement. The pay framework isn’t Trump-specific—it comes from the distinctive structure of special-purpose acquisition companies, or SPACs, such as Digital World Acquisition Corp.

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