Former U.S. President Donald Trump’s SPAC stock, Digital World Acquisition Corp. (NASDAQ: DWAC), has reversed ~60% of the outsized gains it realized in the first two days (October 21 and 22) after its merger agreement was announced. The decline may have created a second potential entry point for this extremely volatile — and controversial — stock.
On October 20, President Donald Trump, perhaps the most polarizing world figure in decades, announced an agreement whereby the Trump Media & Technology Group (TMTG) will merge in a SPAC transaction with SPAC sponsor DWAC. TMTG intends to launch a conservative social network called TRUTH Social. Ultimately, after regulatory and shareholder approval, TMTG would become the surviving publicly traded company.
Details on the venture are scarce, but TRUTH Social plans to launch for invited users before year-end 2021 and hopes to be available to all users in early 2022. The company also expects to create a subscription video-on-demand service.
The principal issue which has affected the stock, particularly over the last week, seems to be a late October report by The New York Times that DWAC’s founder Patrick Orlando may have been in discussions with President Trump for months prior to DWAC’s public market listing in September 2021. According to U.S. law, a SPAC sponsor is not supposed to have a merger “pre-planned” at the time of its IPO.
Such discussions can begin only after the empty-shell SPAC sponsor has begun trading on a stock exchange. The thinking is that having an agreement worked out beforehand would make it too easy for private companies to go public via a SPAC transaction and therefore avoid the long, detailed and sometimes convoluted SEC S-1 filing process.
The Trump discussion timing issue received more headlines on November 18 when U.S. Senator Elizabeth Warren, a vocal opponent of President Trump, wrote an open letter to SEC Chairman Gary Gensler, asking him to investigate the matter. Senator Warren suggested there could be violations of securities laws and requested an answer by November 29. According to Reuters, a spokesperson for the SEC has declined comment, saying merely that the SEC does not “comment on the existence or nonexistence of a possible investigation.”
When TMTG and DWAC announced their merger agreement, TMTG said the enterprise value (EV) of the company will be US$875 million. An undefined US$825 million provision was also mentioned which could bring the initial EV to US$1.7 billion. We note these figures are presumably based on an initial US$10 share price, as is the convention with SPACs.
Since DWAC is trading at US$39.48 (down from a US$94.20 close on October 22), the current implied EV could be around four times these US$875 million/US$1.7 billion figures, or US$3.5 billion to US$7 billion. Reflected in these calculations is some portion of the US$293 million of cash that DWAC has in trust. This cash will initially fund the launch of TRUTH Social. It is not clear if the DWAC-TMTG venture will include private investment in public equity (PIPE) financing that is typically part of SPAC transactions.
We emphasize this is a quite unusual SPAC transaction. In a typical SPAC deal, the underlying business may not yet be generating revenue, but it is at least operating (e.g., electric vehicle SPACs). TRUTH Social is not yet even operating. In addition, the Trump venture provides no forecast information. Since such forecast information is used to justify (frequently inflated) SPAC valuations, this raises the question of how the initial enterprise valuation was determined.
However, Trump supporters are very loyal and may be inclined to support his venture enthusiastically. Many Trump supporters could very well join his platform, including as paying subscribers, particularly given the rapidly approaching (November 2022), highly contentious mid-term Congressional elections. President Trump seems likely to play a large role in these contests.
To put this in numerical context, President Trump at his peak before he was barred from appearing on various social media outlets, had 146.5 million total followers on Twitter, Facebook and Instagram combined. If even a fairly small fraction of these followers were to join TRUTH Social, that platform would have many tens of millions of members.
From a comparative economic perspective, consider the following: Twitter currently has 436.4 million users including 211 million monetizable daily active users. Its stock market value is about US$38 billion. While the number of active users is far from a direct link to stock market capitalization, it does not seem impossible that TRUTH Social could achieve a daily active user base (and therefore an advertising audience) of perhaps a third of President Trump’s previous total followers, or around 50 million. Based on Twitter’s valuation, the market could value such a venture at significantly more than just US$3.5 to US$7 billion — even factoring in the uncertainty regarding SPAC timing discussions between President Trump and DWAC.
Admittedly, DWAC is a difficult-to-analyze stock, as information on its financials and business plan are far from complete. However, for an active investor with high risk tolerance, the stock’s 60%+ collapse over the last month may be overdone. It is, after all, unclear if the SEC will choose to investigate the TMTG/DWAC SPAC transaction, and, even if it does so, what remedy/penalty that regulatory body would require or impose.
Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
The post President Trump’s Social Media SPAC Could Now Have Interesting Risk-Reward Characteristics appeared first on the deep dive.
Titanium Wire Market Status, Growth Opportunity, Size, Trends, Key Industry Outlook 2022 – 2030 – Tifast, LCMA SA, Villa＆Bonaldi, Titek UK
The Titanium Wire market report can be your strong base if you intend to have an accomplished study and analysis of Titanium Wire market. Your task of…
The Titanium Wire market report can be your strong base if you intend to have an accomplished study and analysis of Titanium Wire market. Your task of understanding your core market will be eased after studying our report. The content of this report will provide vital information about key market channels based on different geographical locations globally pertaining to Titanium Wire. You will be able to comprehend your niche market and key leaders in you segment, and accordingly take strategic actions based on your strengths. The report includes market size, prospective demand generation statistics, information about supply chains, competitor data, prices and margins, trading information and vendor details. The key players in your market segment are covered in the report with deep insights regarding Titanium Wire, types, current and future trends, and also overall share of the market.
The much needed market forecast with facts and figures will be presented in the report for you to make informed and actionable plans. Key profitable constituents can be easily found based on the all-inclusive picture presented by the report. This will help you to capitalize on opportunities that the market puts forth by making strong workable strategies. The information provided in the report is collectively gathered from various publishers archived in our database and also from paid database services. This data is presented in a structured manner post consultation with dealers, customers, and raw material suppliers. This ensures that the report has genuine information and covers all the details related to Titanium Wire market.
Titanium Wire Market: Competition Landscape
The Titanium Wire market report includes information on the product launches, sustainability, and prospects of leading vendors including: (Tifast, LCMA SA, Villa＆Bonaldi, Titek UK, American Elements, Hermith GmbH)
Click the link to get a free Sample Copy of the Report @ https://crediblemarkets.com/sample-request/titanium-wire-market-726221?utm_source=Shweta&utm_medium=SatPR
Titanium Wire Market: Segmentation
Pure titanium wire
Titanium alloy wire
Additive Manufacturing & 3D Printing
Titanium Wire Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Titanium Wire market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits of the report:
- This study presents the analytical depiction of the global Titanium Wire industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Titanium Wire market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Titanium Wire market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global Titanium Wire market analysis based on competitive intensity and how the competition will take shape in the coming years.
Direct Purchase this Market Research Report Now @ https://crediblemarkets.com/reports/purchase/titanium-wire-market-726221?license_type=single_user;utm_source=Shweta&utm_medium=SatPR
Major Points Covered in TOC:
Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Titanium Wire market portions by application, study goals, and years considered.
Market Landscape: Here, the opposition in the Worldwide Titanium Wire Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Profiles of Manufacturers: Here, driving players of the worldwide Titanium Wire market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Titanium Wire Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Titanium Wire Market.
Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert @ https://crediblemarkets.com/enquire-request/titanium-wire-market-726221?utm_source=Shweta&utm_medium=SatPR
Key questions answered in the report:
- What will the market development pace of Titanium Wire market?
- What are the key factors driving the Global Titanium Wire market?
- Who are the key manufacturers in market space?
- What are the market openings, market hazard and market outline of the market?
- What are sales, revenue, and price analysis of top manufacturers of Titanium Wire market?
- Who are the distributors, traders, and dealers of Titanium Wire market?
- What are the Titanium Wire market opportunities and threats faced by the vendors in the Global Titanium Wire industries?
- What are deals, income, and value examination by types and utilizations of the market?
- What are deals, income, and value examination by areas of enterprises?
Credible Markets is a new-age market research company with a firm grip on the pulse of global markets. Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.
The collection of market intelligence reports is regularly updated to offer visitors ready access to the most recent market insights. We provide round-the-clock support to help you repurpose search parameters and thereby avail a complete range of reserved reports. After all, it is all about helping you reach an informed strategic decision about purchasing the right report that caters to all your market research demands.
Credible Markets Analytics
99 Wall Street 2124 New York, NY 10005
Email: [email protected]
Metal Intramedullary Nail Market Dynamics Analysis and Business Outlook
Get Sample Report Purchase Complete Report Now Global Metal Intramedullary Nail Market research is an intelligence report with meticulous efforts undertaken…
Global Metal Intramedullary Nail Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities.
MR Accuracy Reports crafted the report, titled Global Metal Intramedullary Nail Market 2021 is a methodical research study based on the Metal Intramedullary Nail Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Metal Intramedullary Nail Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.
Download Free PDF Sample Report with Complete TOC and Figures & Graphs (with covid 19 Impact Analysis): https://www.mraccuracyreports.com/report-sample/513454
The report forecast global Metal Intramedullary Nail market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021E-2026F due to coronavirus situation.
The report offers detailed coverage of Metal Intramedullary Nail industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Metal Intramedullary Nail by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
First, this report covers the present status and the future prospects of the global Metal Intramedullary Nail market for 2016-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
At the same time, we classify Metal Intramedullary Nail according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Finally, the report provides detailed profile and data information analysis of leading Metal Intramedullary Nail company.
Key Content of Chapters as follows (Including and can be customized) :
Market Overview, Development, and Segment by Type, Application & Region
Company information, Sales, Cost, Margin etc.
Global Market by company, Type, Application & Geography
Asia-Pacific Market by Type, Application & Geography
Europe Market by Type, Application & Geography
North America Market by Type, Application & Geography
South America Market by Type, Application & Geography
Middle East & Africa Market by Type, Application & Geography
Market Segment as follows:
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
Smith & Nephew
Market by Type
Market by Application
Get Exclusive Discount on this report: https://www.mraccuracyreports.com/check-discount/513454
Key questions answered in the report include:
- What will be the market size and the growth rate by the end of the forecast period?
- What are the key Global Metal Intramedullary Nail Market trends impacting the growth of the market?
- What are the potential growth opportunities and threats faced by the leading competitors in the market?
- What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the Global Metal Intramedullary Nail Market?
- This report gives all the information regarding industry Overview, analysis and revenue of this market.
- What are the market opportunities and threats faced by the vendors in the Global Metal Intramedullary Nail Market?
If you have any special requirements, please let us know and we will offer you the report as you want
You can buy the complete report @ https://www.mraccuracyreports.com/checkout/513454
MR Accuracy Reports’ well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future. Our research reports arm our clients with macro-level insights across various key global regions that equip them with a broader perspective to align their strategies to capitalize on lucrative growth opportunities in the market.
Lead Acid Motive Battery Market Report, History and Forecast 2016-2028
“ Get Sample Report Buy Complete Report Lead Acid Motive Battery Market report focused on the comprehensive analysis of current and future prospects…
Lead Acid Motive Battery Market report focused on the comprehensive analysis of current and future prospects of the Lead Acid Motive Battery industry. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the Lead Acid Motive Battery market has been done in order to calculate the growth rates for each segment and sub-segments.
Get Sample Copy (Including FULL TOC, Graphs and Tables) of this report: https://globalmarketvision.com/sample_request/147729
Top Key Vendors of this Market are:
Chaowei Power, Tianneng Power, Johnson Controls, Exide Technologies, Enersys, Shandong Sacred Sun Power Sources, CSB Battery, FIAMM, NorthStar Battery, Shoto, Camel, Fengfan, Leoch, Narada Power, Coslight Technology, Avon Battery, National Battery, Canbat Batteries, Universal Power Group.
Global Lead Acid Motive Battery Market Segmentation:
Market Segmentation: By Type
Market Segmentation: By Application
Motorcycles and Electric Bikes
Forklifts and Other Motive Vehicles
Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Lead Acid Motive Battery market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Lead Acid Motive Battery market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Lead Acid Motive Battery market.
The influence of the latest government guidelines is also analysed in detail in the report. It studies the Lead Acid Motive Battery market’s trajectory between forecast periods. The cost analysis of the Global Lead Acid Motive Battery Market has been performed while keeping in view manufacturing expenses, labour cost, and raw materials and their market concentration rate, suppliers, and price trend.
Reasons for buying this report:
- It offers an analysis of changing competitive scenario.
- For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
- Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
- It offers regional analysis of Lead Acid Motive Battery Market along with business profiles of several stakeholders.
- It offers seven-year assessment of Lead Acid Motive Battery Market.
- It helps in understanding the major key product segments.
- It offers massive data about trending factors that will influence the progress of the Lead Acid Motive Battery Market.
Table of Contents
Global Lead Acid Motive Battery Market Research Report 2021 – 2028
Chapter 1 Lead Acid Motive Battery Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Lead Acid Motive Battery Market Forecast
Get Research Report within 48 Hours @ https://globalmarketvision.com/checkout/?currency=USD&type=single_user_license&report_id=147729
If you have any special requirements, please let us know and we will offer you the report as you want.
About Global Market Vision
Global Market Vision consists of an ambitious team of young, experienced people who focus on the details and provide the information as per customer’s needs. Information is vital in the business world, and we specialize in disseminating it. Our experts not only have in-depth expertise, but can also create a comprehensive report to help you develop your own business.
With our reports, you can make important tactical business decisions with the certainty that they are based on accurate and well-founded information. Our experts can dispel any concerns or doubts about our accuracy and help you differentiate between reliable and less reliable reports, reducing the risk of making decisions. We can make your decision-making process more precise and increase the probability of success of your goals.
Sarah Ivans | Business Development
Email: [email protected]
Global Market Vision
Mining Companies Hitting 52-Week Highs
Why Nio Stock Faces an Uphill Battle
Watch for a Key Resistance Level When Trading Lucid Group
NIO Has Strong Catalysts Going for It in 2022
Strontium Market Estimated to Expand at a Robust CAGR over 2029
LCID Stock: Why Are Investors Watching Lucid Motors Closely Ahead of Jan. 19?
Renewables Battery Energy Storage Market By 2028 – Recent Activities, Development Strategies, Competitive Scenario And Trends
E-scooters Battery Market :Company Profile, Import/Export Scenario, Business Strategies and Emerging Market Segments
Valve Regulated Lead Acid Batteries Market Research Report 2021 : Scope, Challenges, Restrains, Size And Market Share With Leading Countries And Regions Data
Lead Acid Motive Battery Market Report, History and Forecast 2016-2028
Precious Metals19 hours ago
Gold Springs Resource Corp. 2021 Drilling Results Highlights
Precious Metals18 hours ago
The Fed Has Triggered A Stagflationary Disaster That Will Hit Hard This Year
Economics8 hours ago
Virginia’s New AG Fires Civil Rights Division, Will Start Prosecuting Cases Dropped By ‘Social Justice’ DAs
Economics9 hours ago
How Goldman Is Convincing Its Clients Not To Freak Out About Fed Rate Hikes
Precious Metals18 hours ago
Gold Performance in Coming Rate Hike Cycle
Economics23 hours ago
Daily Mortgage Rates End Week Higher | January 15 & 16, 2022
Base Metals10 hours ago
Hand & Toe Warmers Market Status (2016-2020) and Forecast (2021E-2026F) by Region, Product Type & End-Use – Kobayashi, Mycoal Corporation, Heat Factory, Implus, G-Tech Apparel, Heatpaxx, Jiangsu Natural Environment Protection Technology, Tianjin Co
Economics20 hours ago
Stop Pretending Price Inflation Is a Result of “Too Much” Profit