This DWAC SPAC appears to be the grift that, if the TMTG merger is consumated, might help Trump get past his upcoming liquidity problems.
Without Deutsche Bank in the picture to float him loans on vapor, he's out of options.
If the merger goes through, TMTG gets the equivalent of $875 MILLION.
What do DWAC "investors" get? We'll...let's turn the question around.
Once TMTG get their money from DWAC, what is TMTG actually obligated to deliver? Anything? What stops TMTG from saying "Here's some code...have a nice day"?
$875 MILLION plus the additional stock compensation is a lot, even for Trump. Why should he care whether Truth Social is successful after he's already gotten paid? (the lockout terms are a joke). There's nothing stopping it from going the way of Trump Casino, Trump Airlines, Trump Steaks, Trump University, etc.