stableImportance 3/5Confidence 5/51 documented update

DWAC was still just a shell on Oct. 2, 2021, before the Trump deal was announced

On Oct. 2, 2021, Digital World Acquisition Corp. had already completed its Sept. 8 IPO and parked the money in trust, but it had not yet announced any merger with Trump Media & Technology Group. The public record still showed a shell company formed to find a business combination, not a finished Trump media transaction.

Why it matters: Hype machine

First recorded Oct 2, 2021·Meaningfully updated Oct 2, 2021

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What changed

DWAC was still just a shell on Oct. 2, 2021, before the Trump deal was announced

On Oct. 2, 2021, Digital World Acquisition Corp. had already completed its Sept. 8 IPO and parked the money in trust, but it had not yet announced any merger with Trump Media & Technology Group. The public record still showed a shell company formed to find a business combination, not a finished Trump media transaction.

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Confidence 5/5

DWAC was still just a shell on Oct. 2, 2021, before the Trump deal was announced

On Oct. 2, 2021, Digital World Acquisition Corp. had already completed its Sept. 8 IPO and parked the money in trust, but it had not yet announced any merger with Trump Media & Technology Group. The public record still showed a shell company formed to find a business combination, not a finished Trump media transaction.

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