SPAC Daily: Will the TWTR News Change DWAC’s Chances?

by | Oct 4, 2022

Today Elon Musk appears (although who knows with him) to have dropped his fight and will instead move forward with his original deal to take Twitter (TWTR) private at $54.20 / share. Other considerations aside, will this news have any affect on the closing proposition for DWAC + Trump Media & Telecom, the group behind the former President’s TRUTH Social Platform.

Trump has been famously (or infamously) banned from Twitter for some time, but perhaps he’d be more apt to rejoin the platform if someone like Elon were at the helm? DWAC common stock dropped over 5% today and its warrants continued to tumble another 2% and stand at just $3.86 now. Get your popcorn.

Elsewhere in SPACs

  • Pathfinder Acquisition Corp. (PFDR) struck a $537M deal with Movella, the deal included $75M of financing
  • Bill Foley’s SPACs Austerlitz I + II (AUS and ASZ) both filed for early votes to accelerate their liquidation dates into 2022
  • Altitude Acquisition (ALTU) filed (on their redemption day) that they intend to merge with a “leading global medical device manufacturer in a deal that pegs the enterprise value of the company at approximately $480 million” The SPAC will be voting on an extension on Thursday
  • Tekkorp Digital Acquisition Corp. (TEKK) announced it will liquidate on 10/26

SPAC Calendar

Today’s Movers

Biggest Gainers

Biggest Losers

Recent Analysis


The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.