https://wccftech.com/hardly-surprising-trump-linked-digital-world-acquisition-corp-dwac-currently-has-the-highest-notional-short-interest-among-spacs/ > Digital World Acquisition Corp. (NASDAQ:DWAC), a high-flying Special Purpose Acquisition Company (SPAC) that is gearing up to take the Trump Media & Technology Group (TMTG) public, roared to prominence a few days back when the stock soared from around $10 to a high of $175 before stabilizing at the current $60 handle. > As per the merger agreement between TTMG and Digital World Acquisition, former President Trump’s media-focused entity has been accorded an initial enterprise value of $875 million. For its part, TMTG plans to utilize the $293 million in cash proceeds that are already held in trust by Digital World Acquisition to launch a dedicated social media platform, dubbed the TRUTH Social. Additionally, TMTG also intends to launch a subscription-based, “non-woke” video-on-demand service as well as cloud-based offerings under the “tech stack” suite of products.