Digital World Acquisition Corp. (DWACU) Prices Downsized $250M IPO

Digital World Acquisition Corp. announced the pricing of its downsized $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DWACU” Friday, September 3.

The new SPAC intends to focus its search on middle market and emerging growth technology-focused companies in the Americas, in SaaS and Technology or Fintech and Financial Services. Digital World is led by Chairman and CEO Patrick Orlando  and CFO Luis Orleans-Braganza.

Total SPAC deal count for 2021 year-to-date is now 422. This offering is expected to close on Wednesday, September 8.

EF Hutton, division of Benchmark Investments, LLC, is acting as sole book running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.