Digital World Acquisition has rallied over 50% since former President Donald Trump’s win in Iowa, and was up another 10% in the premarket trading session today. Shares last traded at $17.58, within striking distance of the stock’s 52-week high.
Trump won the Iowa caucus by a record margin of about 30 points, according to CNBC, with Ron Desantis coming in second, Nikki Haley in third, and Vivek Ramaswamy in fourth. Ramaswamy ended his campaign following the results, endorsing Trump shortly thereafter. Ron Desantis ended his campaign Sunday, also endorsing Donald Trump.
Digital World has been working for more than two years to merge with the former president’s Trump Media & Technology Group, which is behind the Truth Social app. Read more.
