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Trump-Tied Stocks Rally Again After $1 Billion SPAC Investment

Dec. 6, 2021, 2:47 PM

Stocks that are tied to former President Donald Trump are rising in early trading after his media company and the company taking it public agreed to a $1 billion investment.

Digital World Acquisition Corp., the blank-check firm set to merge with Trump’s nascent media company, rallied as much as 10% at Monday’s U.S. stock market open. The deal will provide roughly $1.25 billion in proceeds to fund operations of the combined entity, a Trump Media & Technology Group Corp. statement said over the weekend.

The strength spread to other companies with exposure to the former president, including CF ...