In this blog post, we’ll look into DWAC Stock Price Predictions for 2024, 2025, 2030, 2040, 2050, 2060. Is DWAC stock going to rise in next 1 year? How DWAC stock is expected to perform in the coming years, check out the full technical and fundamental analysis report.
Table of Contents
Overview of Digital World Acquisition Corp. (DWAC)
Digital World Acquisition Corp. (DWAC) is a special purpose acquisition company (SPAC) created for business mergers. DWAC, which stands for Depositary Withdrawal at Custodian, allows electronic share transfers, eliminating the requirement for physical certificates and making stock trading faster and more convenient.
In October of the same year, Digital World Acquisition Corp. (DWAC) revealed plans for a potential merger agreement with Trump Media & Technology Group (TMTG), the entity behind Truth Social. By March 2024, DWAC had approved a merger deal with TMTG.
DWAC began trading on the Nasdaq on September 3, 2021, after selling 25 million shares in its IPO.
On October 20, 2021, DWAC and Trump Media & Technology Group (TMTG) announced a definitive merger agreement, setting the stage for TMTG’s transition into a publicly traded company. DWAC’s establishment involved ARC Capital, a Shanghai-based firm specializing in listing Chinese companies on American stock markets.
ARC Capital faced scrutiny from the U.S. Securities and Exchange Commission (SEC) for alleged misrepresentation of shell corporations. Some investors were surprised to learn that their funds were supporting a venture associated with former President Trump.
In 2021, the DWAC-Trump collaboration was linked to China Yunhong Holdings, based in Wuhan, Hubei. However, the lead banker overseeing the merger pledged to sever ties with China in December 2021, leading to Yunhong’s dissolution and liquidation. In February 2022, Reuters reported that the connection between Shanghai-based ARC Capital and Digital World was deeper than initially known, with ARC allegedly providing financial backing to launch the SPAC.
In August 2022, DWAC secured shareholder approval for four three-month extensions to finalize the deal, delaying shareholder meetings until September 8, 2023. The company must complete the deal by that date or secure 65% shareholder approval for another extension, or else face liquidation. Shareholders granted a one-year extension on September 5.
In March 2023, Digital World Acquisition the CEO Patrick Orlando was asked to leave the position by the board of directors.
DWAC disclosed in an October 2023 regulatory filing that, following the cancellation of $467 million in investor commitments, it would refund the remaining $533 million of the $1 billion raised.
Digital World Acquisition Corp. Fundamental Analysis
| Open | $40 |
| Close | $38.99 |
| Market cap | $5.68B |
| Today’s range | $38.65 – $44.59 |
| Today’s volume | 8.83M |
| Avg. daily volume | 6.14M |
| 52 week range | $12.4 – $79.38 |
| Beta (LTM) | 0.59x |
| Dividend & yield | $0.00 (0.00%) |
| Current ratio | 0.01x |
| Next earnings | — |
| Price / earnings ratio | -70.59x |
| Debt / equity | 2.77x |
| EBITDA (TTM) | -$10.52M |
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Longterm Digital World Acquisition (DWAC) Stock price prediction 2024, 2025, 2030, 2035, 2040, 2050, 2060
According to our Longterm analysis for Digital World Acquisition (Dwac) share price expected to stands between $250-$320 in 2040.
| Year | DWAC Stock Price Prediction |
|---|---|
| 2024 | $84 – $99 |
| 2025 | $172.95 – $198.15 |
| 2030 | $200 – $310 |
| 2035 | $250 – $440 |
| 2040 | $1350 – $1520 |
| 2050 | $3,200-$5,100 |
| 2060 | $5,000-$5,800 |
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DWAC stock price prediction 2024
| Year | DWAC stock price prediction 2024 |
| 2024 | $84 – $99 |
According to analysts forecast, Digital World Acquisition Corp. stock (DWAC) could range between $84 to $99 per share in 2024 and has experienced a robust 52% increase over the past two years.
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DWAC stock price prediction 2025
| Year | DWAC stock price prediction 2025 |
| 2025 | $172.95 – $198.15 |
Digital World Acquisition (DWAC) stock price is expected to be priced between $172.95 and $198.15 in 2025 assuming Digital World Acquisition Corp. shares maintain their average yearly growth rate of the last 10 years, it would indicate a 45.13% increase in the DWAC stock price.
DWAC stock price prediction 2030
| Year | DWAC stock price prediction 2030 |
| 2030 | $200 – $310 |
In 2030, DWAC stock will reach between $200-$310 assuming Digital World Acquisition Corp. shares maintain their average yearly growth rate of the last 10 years, it would indicate a 85.66% increase in the DWAC stock price.
DWAC stock price prediction 2035
| Year | DWAC stock price prediction 2035 |
| 2035 | $250 – $440 |
By 2035, the Digital World Acquisition price would rise from $250.00 to $440.00, which is +16% increase if DWAC stock maintains its average yearly growth rate over the last 10 years.
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DWAC stock price prediction 2040
| Year | DWAC stock price prediction 2040 |
| 2040 | $1350 – $1520 |
Our analysts forecast Dwac’s share price prediction in 2040 to rise between $1350 – $1520, a whopping 189.34% increase from its current price.
DWAC stock price prediction 2050
| Year | DWAC stock price prediction 2050 |
| 2050 | $3,200-$5,100 |
For 2050, Digital World Acquisition (Dwac) shares are expected to be traded between $3,200 and $5,100 in 2050 if DWAC stock maintains its average yearly growth rate over the last 10 years.
DWAC stock price prediction 2060
| Year | DWAC stock price prediction 2060 |
| 2060 | $5,000-$5800 |
Digital World Acquisition (Dwac) Stock is predicted to be worth $5,000-$5,800 in 2060 if DWAC share keeps its average yearly growth rate over the last 10 years from its current price.
What is the new ticker symbol for Digital World Acquisition Corp. (DWAC:US)?
The new ticker symbol for Digital World Acquisition Corp. (DWAC:US) is DJT:US.
What is the prediction for DWAC stock in 2025?
According to the latest long-term forecast, Digital World Acquisition price will hit $500 by the middle of 2025 and will rise to $700 within the year of 2025.
What is the prediction for DWAC stock in next 5 years?
According to the latest long-term forecast, Digital World Acquisition price in next 5 years will hit $800 by the middle of 2029 and will rise to $990 within the year of 2029.
What is DWAC’s Dividend pay history?
Digital World Acquisition Corp. (DWAC) has not paid any dividends in the past or a dividend announcement is pending.
What is the DWAC stock price today per share?
$13.18USD −0.07 (−0.53%) is the real-time DWAC stock price today per share Last updated on Jul 18, 19:58 EDT
What company is DWAC merging with?
DWAC merger was announced in April 2021 with Webull Financial LLC, forming Webull Global Markets, Inc. The new company will be listed on Nasdaq as WBUL.
What is the Ticker/Symbol of Digital World Acquisition Corp?
DWAC is the symbol of Digital World Acquisition Corp as on NASDAQ in 2023.
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