DWAC has been trading as a special acquisition company (AC) it has little assets beyond its own stock. People buy the stock and drive the price up, on the hope it will acquire a profitable business with its stock. Which it is now trying to do buying (merging actually) with Truth Social. None of this is unusual companies buy other companies with their own stock all the time.
You don’t have to do anything other than vote as a shareholder (if you want). If the deal goes through DWAC will give shares to Trump and his investors to buy Truth. Shareholders don’t have to do anything. One day your account will stop showing DWAC in your account and instead it will probably show DJT as the new ticker symbol.
Caution though, it may become volatile it could go up or down depending on market sentiment of the merger.
Much appreciated info! Thanks!