The YouTuber advises avoiding DWAC stock due to the potential collapse of its SPAC deal with Truth Social. A significant portion of the private investment in public equity (PIPE) funding has been terminated, reducing the capital available to Truth Social from $1.3 billion to potentially just $300 million. This situation creates uncertainty about the acquisition's completion and could lead to further stock decline or investor redemptions at $10 per share, making the stock 'uninvestable' until a deal closes and financials are clear.
“I think frankly makes the dwac stock just simply uninvestable at this point until we know exactly what the future is even if you want to own this company I would wait until any deal closes and see exact with the financials and the dilution looks like”