The Latest SPAC News and Rumors: October 22, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Trump SPAC surges 1,225%; Algoma Steel expands its Board
Trump-Tied SPAC Ignites Retail Frenzy Amid 1,225% Surge
Shares of Digital World Acquisition Corp. (NASDAQ:DWAC) have skyrocketed 1,225% since an announcement that the blank-check company will merge with Trump Media & Technology Group. The stock nearly tripled to $131.90 when the U.S. stock market opened Friday morning before triggering a halt for volatility after it quadrupled on Thursday.
READAlgoma Steel Expands and Diversifies Board
Algoma Steel Group Inc., with operations based in Sault Ste. Marie, Ontario (NASDAQ: ASTL), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the addition of six new directors to its Board following the closing of Algoma’s business combination with Legato Merger Corp.
The new directors expand the range of expertise offered, and underscore Algoma’s commitment to bringing diverse perspectives and experience to the boardroom that reflect the broader interests of Algoma stakeholders.
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