Trump-Tied SPAC Jumps on Gaining Long-Awaited SEC Approval
- Regulatory issues stalled the merger for more than two years
- Shares of Digital World have more than tripled this year
Photographer: Samuel Corum/Bloomberg
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The blank-check firm that’s been looking to take Donald Trump’s media company public soars after receiving a long-awaited nod from the US Securities and Exchange Commission.
Shares of Digital World Acquisition rose 16% Thursday to close at $50.56 a share after the SEC declared the registration statement for its proposed business combination with Trump Media & Technology Group effective.