"Trump-Linked SPAC Soars 239% Since Presidential Bid"
TL;DR
Digital World Acquisition's stock has surged by 239% since Donald Trump's recent win in the Iowa caucus, potentially due to expectations of his securing the Republican Party's 2024 nomination. The SPAC, which has been seeking a merger with Trump's Truth Social media platform, received a one-year extension from investors to finalize the deal. The stock's resurgence has brought it back to its meme-stock glory days, and Trump's next election challenge is the New Hampshire primary.
- DWAC, Digital World Acquisition SPAC Stock Price up 239% Since Trump Win Markets Insider
- 2 Stocks Surging on Donald Trump's Presidential Bid Yahoo Finance
- Trump SPAC has tripled since the Iowa caucuses CNN
- Stock of SPAC buying Trump Media has more than tripled during record win streak MarketWatch
- Options Traders Bet Trump-Tied SPAC Can Double Again in Days Yahoo Finance
Want the full story? Read the original reporting
Read on Markets Insider