DWAC Intrinsic Value Calculator – Trump Media & Technology Group Calls for Congressional Investigation of “Egregious Conduct” and “Blatant Politization” in SEC Review of Digital World Acquisition Merger.
March 4, 2023
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DWAC Intrinsic Value Calculator – Trump Media & Technology Group, the former president’s social media company, is calling on Congress to investigate the Securities and Exchange Commission’s review of the company’s proposed merger with SPAC Digital World Acquisition ($NASDAQ:DWAC). The company asserts that the SEC’s investigation of the DWAC-TMTG merger is an unprecedented attempt to block the deal with no evidence of wrongdoing. The letter further states that the SEC has been stalling for months and refusing to provide the company with recommended documents or evidence of violations without which TMTG cannot adequately respond or provide evidence in its defense.
The company noted that it has cooperated fully with the investigation and provided substantial documentation to prove that there are no legal or regulatory violations associated with the deal. Trump Media & Technology Group has asked Congress to investigate the SEC’s conduct in order to ensure that the review is fair and non-political. They also seek to guarantee that the deal can proceed without further delay and without interference from partisan politics.
Market Price
So far, media coverage of the news has been mostly positive. Digital World Acquisition stocks opened at $15.0 and closed at $14.8 on Tuesday, down by 1.2% from their prior closing price of 15.0. The deficit came even in spite of the Trump Group’s plea for congressional scrutiny of possible illegal or unethical behavior by the SEC. The Trump Group believes that their own assessment of the merger was misrepresented and that this misrepresentation was enabled by a biased review process lead by the SEC.
The Trump Group is calling on Congress to launch an investigation into what they consider as potential impropriety in the merger review process. Reports show that the impacted stocks of Digital World Acquisition show a slight decrease that may be attributed to the uncertainty raised by this news. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DWAC. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -11.25 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DWAC. More…
| Operations | Investing | Financing |
| -2.08 | -2.88 | 3.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DWAC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 298.11 | 24.89 | 7.34 |
Key Ratios Snapshot
Some of the financial key ratios for DWAC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | -2.9% | -2.7% |
Analysis – DWAC Intrinsic Value Calculator
At GoodWhale, we’ve analyzed DIGITAL WORLD ACQUISITION’s fundamentals and have found that its intrinsic value is around $38.0, calculated using our proprietary Valuation Line. This means that the company is currently trading at a 61.1% discount to its true value, with shares currently trading at $14.8. We believe that this presents a great opportunity for investors who are looking to buy into a company at a discounted price. With its strong fundamentals and vibrant future prospects, DIGITAL WORLD ACQUISITION is a great choice for those looking to capitalize on long-term growth prospects. More…
Peers
The company was founded in 2014 and is headquartered in Los Angeles, California. Digital World Acquisition Corp’s competitors include CF Acquisition Corp VI, PayPal Holdings Inc, and Citigroup Inc.
– CF Acquisition Corp VI ($NASDAQ:PYPL)
PayPal Holdings Inc is a digital payments company that operates a global payment platform. It has a market cap of 99.75B as of 2022 and a Return on Equity of 8.65%. The company enables digital and mobile payments on behalf of merchants and consumers. It also offers working capital, merchant services, and credit products.
– PayPal Holdings Inc ($NYSE:C)
Citigroup Inc is an American multinational investment bank and financial services corporation with a market cap of $89.34 billion as of 2022. The company has over 200 million customer accounts and does business in more than 160 countries. It is one of the Big Four banks in the United States, along with JPMorgan Chase, Bank of America, and Wells Fargo. Citigroup was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.
Summary
Digital World Acquisition has been subject to a congressional investigation by the Trump Media & Technology Group for “egregious conduct” and “blatant politization” in its merger review by the Security and Exchange Commission (SEC). From the looks of it, the acquisition has so far received positive media exposure. For investors, the SEC’s review should be closely monitored as it may have an impact on the success of the merger and any potential returns. Investors should also pay attention to news coverage surrounding Digital World Acquisition, as well as any future investigative reports or updates issued by the Trump Media & Technology Group.
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