Summary of $1 Billion PIPE; a net positive for $DWAC stock price. Expect new floor ~$50-55

2021.12.02 10:00 canadian2020 Summary of $1 Billion PIPE; a net positive for $DWAC stock price. Expect new floor ~$50-55

Digital World shares were valued at $10 each in the deal with Trump Media. Trump Media is now looking to secure a so-called private investment in public equity (PIPE) that would value Digital World shares closer to their recent price, the sources said [1].
The shares, which had been trading down 6% before news of the $1 billion raise, rallied to close up 7% at $44.35 on Nasdaq, then extended gains in after-hours trade, rocketing up 31%, to $58.01.
Most PIPE transactions are inked before a deal to take a company public is rolled out. Leaked information shows for $DWAC PIPE are hedge funds, family offices and high net-worth individuals. Family offices manage the wealth of the very rich and their kin.

Pros:
- Raising $1 Billion PIPE at $40 is much less dilutive than offering PIPE investors a very cheap price of $10 per share. The higher the stock price for their 10 day averaged price they are using the better it is for current share holders.
- Bringing in new hedge funds will attract more eyes and even more money raising share price.


Cons:
- Hedge funds getting 20% discount on averaged 10 day price of the $DWAC stock ( I guess sweetener to get them to buy in?)
- Any PIPE is diluting since it was not written in the original agreement when DWAC was valued at $10/share.

Questions:
- How is this 10 day average price of $DWAC established? Is it based on the past two weeks? Sometime in the future? Starting today?

Overall: Net positive for $DWAC share value. I expect a new floor for the stock price ~50-55 until the next catalyst (announcement of beta release).

References
1.https://www.reuters.com/markets/us/exclusive-trumps-social-media-venture-seeks-1-billion-raise-sources-2021-12-01/
2.https://www.forbes.com/sites/nicholasreimann/2021/12/01/trump-media-company-reportedly-seeks-to-raise-1-billion-after-whiffing-on-target-date-to-launch-website/?sh=9e64ef0329dc
3.https://www.thestreet.com/boardroomalpha/spac/dwac-surge-p
4.https://finance.yahoo.com/news/exclusive-trumps-social-media-venture-205522192.html
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