Shares of Donald Trump-backed Digital World soar after feds finally clear Truth Social deal

The Securities and Exchange Commission on Thursday cleared the way for blank-check acquisition company Digital World Acquisition Corp.’s merger with former President Donald Trump’s media and technology company.Digital World said a registration statement for its proposed merger with Trump Media & Technology Group (TMTG), the operator of social media platform Truth Social, was declared effective by the SEC.The closing of the deal would be a major boost for Trump, who will hold a stake of about 58% in the newl ...