SPAC Digital World Gains as Trump Claims he will Make Major Announcement Thursday

SPAC Digital World Acquisition, which is planning to take Donald Trump’s social media company and Truth Social app public, rose 8% after the former president said he plans a big announcement on Thursday.

Trump said he will be making a “major announcement,” he posted on his Truth Social account earlier today.

Trump announced his third consecutive presidential campaign Nov. 15, but his run has been overshadowed by a series of self-inflicted controversies.

Digital World narrowly avoided liquidation after shareholders voted last month to extend the SPAC’s merger deadline with Trump’s company until September 2023. Read more.

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