2023-03-31 15:14:45 ET
Shares of Digital World Acquisition Corporation (NASDAQ: DWAC) were moving higher today after former President Donald Trump was indicted yesterday by a New York grand jury.
Digital World Acquisition is the special purpose acquisition corporation ( SPAC ) that's set to merge with Trump's social media network, Truth Social, and investors seem to be betting that the indictment and expected trial will bring increased attention to the platform.
As a result, Digital World stock was up 5.5% as of 1:19 p.m. ET.
For further details see:
Why Digital World Acquisition Stock Was Climbing Today