Digital World Acquisition Corp. (DWAC)
Digital World Acquisition Corp. operates in the Shell Companies industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $49.95, up 35.22% on the session, giving a market capitalisation of $1.86B. On trailing twelve-month figures it carries a trailing P/E of -10.17, a net margin of -28849.6%. Its beta of 3.36 implies it has historically moved more than the broad market.
Digital World Acquisition Corp. currently has no substantial operational activities. Its main purpose is to achieve a strategic business combination, which could involve a merger, asset acquisition, stock purchase, or corporate reorganization, with one or more established companies. The firm aims to pinpoint promising opportunities within the technology sector, specifically Software-as-a-Service (SaaS), as well as the financial technology (fintech) and broader financial services industries throughout the Americas. Digital World Acquisition Corp. was founded in 2020 and maintains its corporate headquarters in Miami, Florida.
Digital World Acquisition Corp. is most often compared with the following Financial Services names: