Shares of Digital World Acquisition Corp. jumped ahead of the first day of trading its newly merged company with Trump Media & Technology Group Corp.
Shares of Digital World Acquisition Corp. (DWAC) soared on Monday as it confirmed its merger with Trump Media & Technology Group Corp. (TMTG) and after former president Donald Trump managed to get his bond in his civil fraud case reduced ahead of the company’s listing on Tuesday.
DWAC’s stock closed the day at nearly $50 a share, up more than 35 percent, according to Google Finance, after the company said that it had completed its merger with Trump’s TMTG. The company also announced that, on Tuesday, it will begin trading on the Nasdaq Stock Market under the ticker symbols «DJT», which match the initials of Trump’s name.
«Today marks a pivotal moment not only for DWAC and TMTG as a combined entity, but for the broader media and technology landscape,» Eric Swider, former CEO of Digital World and a new director of TMTG, said in a statement.
