Analysing the capital structure and financing of SPAC M&A: a case study of Trump Media's SPAC merger
Capparelli, Domenico (A.A. 2024/2025) Analysing the capital structure and financing of SPAC M&A: a case study of Trump Media's SPAC merger. Tesi di Laurea in Corporate finance, Luiss Guido Carli, relatore Andrea Polo, pp. 69. [Bachelor's Degree Thesis]
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Abstract/Index
Background of SPACs in modern finance. Literature review. Overview of capital structure in SPAC transactions. Definition and components of capital structure in SPACs. SPAC financing process: from IPO to business combination. Importance of financing choices in M&A. The Trump Media SPAC case study. Background on Trump Media & Technology Group and Digital World Acquisition Corp. Timeline of the merger. Key financial aspects of the transaction. Financing methods in the Trump Media SPAC merger. Debt financing in SPACs. Equity financing in the Trump Media merger. Determinants of financing choice in SPAC transactions. Economic and market environment in 2023–2024 and investor sentiment. Regulatory constraints: SEC scrutiny and legal compliance costs. Influence of Trump’s brand and media presence on financing. Post-merger performance and implications. Trump Media’s financial performance (revenue, losses and profitability analysis). Stock price trends post-merger and retail investor outcomes; insider trading allegations and market credibility. Lessons from the Trump Media SPAC merger. Key takeaways for M&A financing through SPACs from the Trump Media case. Broader implications for SPAC regulations and best practices. The role of market speculation and political influence in the process.
References
Bibliografia: pp. 64-69.
| Thesis Type: | Bachelor's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Bachelor's Degree Programs > Bachelor's Degree Program in Economics and Business, English language (L-33) |
| Chair: | Corporate finance |
| Thesis Supervisor: | Polo, Andrea |
| Academic Year: | 2024/2025 |
| Session: | Summer |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 12 Nov 2025 13:39 |
| Last Modified: | 12 Nov 2025 13:39 |
| URI: | https://tesi.luiss.it/id/eprint/43777 |
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