Digital World Acquisition up as Trump Media merger passed by shareholders

Shares of Digital World Acquisition Corp. have been volatile, and trading generally higher, this morning as the company holds its special meeting of its stockholders, where stockholders of record are voting on the approval and adoption of the business combination with Trump Media & Technology Group. Digital World and Trump Media & Technology Group previously had announced that on February 14 that the U.S. Securities and Exchange Commission declared effective the Registration Statement on Form S-4 for the companies’ proposed business combination. In a series of tweets, Dan Primack of Axios stated: “$DWAC vote passes (…) Unclear if Patrick Orlando voted in favor or not. All they needed was a majority”