This will be interesting. Ticker DJT is probably heading to zero, similar to other DJT bankruptcies. SPACs have lost about half their market cap in the last 3 years, while the market was up over 20%.

=== links and data ===
Truth Social company completes merger, March 22, 2024
"Shareholders of Digital World Acquisition Corporation -- a special purpose acquisition company -- approved a merger with Trump Media & Technology Group, which owns Truth Social. The company can begin trading as a public company, with the stock symbol DJT on Nasdaq, as early as next week."
https://abcnews.go.com/US/trumps-truth-social-comp...

We Have a Boom in Reverse Stock Splits to Keep the Ballooning Imploded Stocks Listed a While Longer: This Stuff is Just Funny, Feb 23, 2024
"Our pantheon of Imploded Stocks, which we started in the spring of 2021 as this stuff was coming apart, is full of stocks that, after imploding, did massive reverse stock splits so that the share price would go back above $1 in order to keep the shares from getting delisted. Most of them are traded on the Nasdaq. Many are SPAC or IPO creatures of the free-money-era."
https://wolfstreet.com/2024/02/23/this-stuff-is-ju...

  Date    Count SPACs
20151230      28
20161230      32
20171229      49
20181231      67
20191231      87
20201231      211
20211231      614
20221230      525
20231229      245
20240315      212

from 20210315 to 20240315:

Screen            CAGR  TR
SPAC2024          -16   -40
SPAC2024_SIP      -19   -46
SP500EqualWeight    7   22

https://gtr1.net/2013/?~SPAC2024_SIP:h253::styp.a:...
https://gtr1.net/2013/?~SP500EqualWeight:h63::sp50...
https://gtr1.net/2013/?~SPAC2024:h253::styp.a:et16...

SPACs with largest market cap 20240315:

Ticker  MktCap  DollarVolume  Exchange  Price  Name
 CVII    1472       3.3        NASDAQ     11   CHURCHILL CAPITAL CORP VII CL A
 DWAC    1169       126.9      NASDAQ     39   DIGITAL WORLD ACQUISITION CORP CL A
 CONX     825       0.0        NASDAQ     11   CONX CORP CL A CL C
 SCRM     800       6.7        NASDAQ     11   SCREAMING EAGLE ACQUISITION CORP CL A
 AACT     660       1.7          NYSE     11   ARES ACQUISITION CORP II CL A
 SLAM     630       0.6        NASDAQ     11   SLAM CORP CL A ORDINARY SHARE
 GHIX     556       0.2        NASDAQ     11   GORES HOLDINGS IX INC CL A
 ALCC     553       1.7          NYSE     11   ALTC ACQUISITION CORP CL A
 IVCB     387       0.6        NASDAQ     11   INVESTCORP EUROPE ACQUISITION CORP I CL A
 ROSS     382       0.2          NYSE     11   ROSS ACQUISITION CORP II CL A
 TWLV     380       0.1        NASDAQ     11   TWELVE SEAS INVESTMENT COMPANY II CL A
 BFAC     379       0.3          NYSE     11   BATTERY FUTURE ACQUISITION CORP CL A
 NFYS     373       0.6          NYSE     11   ENPHYS ACQUISITION CORP CL A
 TRTL     371       0.5          NYSE     11   TORTOISEECOFIN ACQUISITION CORP III CL A
 HCVI     355       0.5        NASDAQ     10   HENNESSY CAPITAL INVESTMENT CORP VI CL A
 ANSC     351       1.5        NASDAQ     10   AGRICULTURE & NATURAL SOLUTIONS ACQUISITION CORP CL A
 GPAC     337       0.3        NASDAQ     11   GLOBAL PARTNER ACQUISITION CORP II CL A ORDINARY SHARE
 CHAA     336       0.2       NYSE MKT    11   CATCHA INVESTMENT CORP CL A
 ARRW     335       0.2        NASDAQ     11   ARROWROOT ACQUISITION CORP CL A
 RRAC     334       0.5          NYSE     11   RIGEL RESOURCE ACQUISITION CORP CL A

MktCap is $million
DollarVolume is 63-day average dollar volume in $million.

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