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Trump Insiders Want A Piece Of Crypto, SPAC Action: Is A Merger Coming?

Benzinga LogoBenzinga20h ago

Trump Insiders Want A Piece Of Crypto, SPAC Action: Is A Merger Coming? - Benzinga

Quick Summary:

Two executives with ties to President Donald Trump and Trump Media & Technology Group (NASDAQ:DJT) have a new SPAC offering targeting the cryptocurrency market.

The company, referred to as DWAC, was a SPAC that took Trump's media company Trump Media & Technology Group public.

The units consist of one common share (NASDAQ:RTAC) and one-half of a redeemable warrant (NASDAQ:RTAW).After announcing a 17.5 million offering at $10 per unit to raise $175 million, the offering was upsized to 21 million shares raising $210 million.

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Article Details

Author / Journalist: Chris Katje

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 18:22:06 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 604 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28733700

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About Benzinga

Benzinga Logo

Main Topics: InvestingBusiness

Official Website: benzinga.com

Update Frequency: 5 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #54

Publisher Details

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The story "Trump Insiders Want A Piece Of Crypto, SPAC Action: Is A Merger Coming?" has 604 words across 29 sentences, which will take approximately 3 - 6 minutes for the average person to read.

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The story "Trump Insiders Want A Piece Of Crypto, SPAC Action: Is A Merger Coming?" was covered 20 hours ago by Benzinga, a news publisher based in United States.

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Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly investing and business news.

The outlet is headquartered in United States and publishes an average of 5 news stories per day.

It's most recent story was published 11 hours ago.

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  • URL: https://amm.beamstart.com/news/trump-insiders-want-a-piece-17473336639745

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