Business Maverick: Trump-Tied SPAC Gains as Investors Leap at Presidential Bid

The special-purpose acquisition company rallied as much as 31% to the highest since September in heavy trading on Monday. Warrants tied to the SPAC surged 53%, while Phunware Inc., a software company that worked on Trump’s re-election campaign, jumped 19%.

Digital World has been volatile as the SPAC’s sponsors fail to corral its primarily retail trader base to vote on an extension to the deadline for its merger with Trump Media & Technology Group. Shares were down 70% from a year ago through Friday’s close amid weak demand for Truth Social and as investor weigh how Elon Musk’s purchase of Twitter Inc. could affect its future.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

South African solar power company pays investors in crypto | Fin24Sun Exchange invites investors to buy solar cells, and the customers who receive the renewable energy pay a fee over a 20-year contract, but the cost is below what would have been charged for electricity from the grid. _Business He’s 💯 _Business Everything makes sense when you are told the ANC is in charge
Fuente: News24 - 🏆 4. / 80 Leer más »