Mega MAGA Squeeze: Trump-Linked SPAC Soars After SEC Settlement | ZeroHedge


FRIDAY, JUL 21, 2023 – 09:16 AM

Digital World Acquisition Corp (DWAC) – the SPAC working to bring Donald Trump’s ‘Truth Social’ media venture public, has exploded over 70% higher this morning in its biggest rally since November after the SEC said it settled fraud charges against the SPAC.

The SEC said late Thursday that DWAC will pay an $18 million fine if it completes the deal with Trump Media & Technology Group.

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