Trump’s blank check stands more than 40% against the possibility of running for president

Shares of Digital World Acquisition Corp., the company that serves as a vehicle for listing Donald Trump’s social network – Truth Social – surged more than 40%. The company is called SPAC (“Special Purpose Acquisition Corporation”), and they are vehicles generally known as “blank checks” that allow small businesses to enter the stock market economically and easily.

The rise of Digital World Acquisition Corp. began after news of the campaign kicking off after the midterm elections on Tuesday and after three Trump advisers confirmed that he plans to run again for the White House in the 2024 election.

The possibility that Donald Trump will return to the race for the presidency of the United States has always been on the horizon, but the recent news is giving more and more strength to this scenario.

Digital World Acquisition Corp continued to rise 41.77% to $24.7814 per share, compared to $17.48 at the close of Friday’s session.

Since the beginning of the year, the company has lost 51.7% on the stock exchange, valued at $924.4 million.

And it wasn’t the only company that took advantage of Trump’s potential once again in the race for American leadership. Phunware Inc, a software company that was involved in Donald Trump’s election campaign, also advanced 19%.

At a rally in Iowa last week, the former US president also said it was “very, very likely” he would run again for the US presidency, after once again insisting he was the winner of the last legislative elections. Who gave the victory to current President Joe Biden.