Digital World Acquisition Corp. (NASDAQ:DWAC) is up more than 6% at the time of writing after the special purpose acquisition company (SPAC) finally filed its Form S-4. A company must file an S-4 to disclose any material information related to a merger or acquisition. DWAC and Trump Media & Technology Group (TMTG) entered into a definitive merger agreement last October. The merger is expected to close during the second half of this year. TMTG is a social media and technology company. Truth Social, the company’s first product, operates as a social media platform that seeks to compete with Twitter (NYSE:TWTR).
Canadian agricultural company AgriForce (NASDAQ:AGRI) is up nearly 40% after India announced ceasing exportations of wheat. AGRI stock is receiving newfound attention on Wall Street today as the price of wheat skyrockets internationally. In an amendment to its Export Policy of Wheat, dated Friday, May 13, the Indian Ministry of Commerce and Industry prohibited the export of wheat, citing domestic food security concerns.
Cenntro Electric (NASDAQ:CENN) stock is rising higher on Monday following the reveal of expansion plans from the electric vehicle (EV) tech company. Cenntro Electric announced late on Friday its acquisition of a new manufacturing facility in Changxing, Huzhou City, China. The facility is 474,000 square feet in size and will give CENN more room to expand production. The EV tech company bought the facility to the tune of $19.5 million. This location was built in 2018 and already comes equipped with advanced manufacturing capabilities. In addition to that, CENN expects the acquisition to make it eligible for ISO 9000 certification.
