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.
