Trading Trump, Memes and SPACs with DWAC
Digital World Acquisition Corp. (DWAC) took the markets by storm as the collision of Donald Trump, meme stocks and SPACs catalyzed strong interest in the underlying shares.
Trading Trump, Memes and SPACs with DWAC
Trading the SPAC Crash
Special purpose acquisition companies (SPACs) enjoyed a revival during 2020 and 2021, but shares in these “blank check” companies have come back to earth recently, with many SPACs now down 50% or more from their highs.