Digital World Acquisition Corp DWAC shares are trading higher Monday following reports that Former President Donald Trump plans to announce a presidential run in the upcoming 2024 election.
According to several reports, Trump could announce his candidacy for the 2024 presidential election as soon as Nov. 14.
At a campaign event for Iowa Republicans last week, Trump reportedly told a crowd of supporters that he is likely to run again.
"In order to make our country successful, and safe and glorious, I will very, very, very probably do it again," Trump said.
The U.S. midterm elections will be held on Tuesday. Trump advisers reportedly said that the former president wants to be part of midterm election conversations this week.
Digital World is a SPAC set to merge with the former president's Trump Media & Technology Group, which is behind the Truth Social app.
Related Link: Millicom, Digital World Acquisition And Some Other Big Stocks Moving Higher In Today's Pre-Market Session
DWAC Price Action: Digital World has a 52-week high of $101.87 and a 52-week low of $15.20.
The stock was up 25.8% at $21.99 at time of publication, according to Benzinga Pro.
Photo: Gage Skidmore from Flickr.
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