Merging company

Trump SPAC shares explode despite several trading stoppages


By Tom Zanki (October 21, 2021, 8:52 p.m. EDT) – Shares of a special purpose acquisition company soared on Thursday after PSPC announced it would merge with a planned social platform owned to former President Donald Trump, even as trade was shut down several times.

Shares of a special purpose acquisition company rose more than 300% on Thursday after news of SPAC’s merger with Trump Media & Technology Group was announced. (AP Photo / Evan Vucci) Shares of Digital World Acquisition Corp. climbed 357% to close at $ 45.50 on Thursday, $ 35.54 above its opening price. The furious rally followed the announcement by PSPC on Wednesday night that it was agreeing to merge with Trump …

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