Retail investors are rushing back into blank check companies, and the mania surrounding a company tied to former President Donald Trump is a big reason.
The buying frenzy in Digital World Acquisition Corp., the special-purpose acquisition company set to merge with the former President’s Trump Media & Technology Group, sparked a surge of 1,225% at one point last week. While those gains have been cut in half, the excitement surrounding blank check stocks that have yet to merge with targets has spread across trader chatrooms.
