Digital World Acquisition Corp DWAC shares are trading higher Tuesday after former President Donald Trump dominated the Iowa caucus with more than half of the total vote.
What To Know: Trump received roughly 51% of the vote and won the Iowa caucus by approximately 30 points, marking a new record for victory margins in the Iowa Republican caucus, according to CNBC.
Florida Gov. Ron DeSantis, who received around 21% of the vote, and former South Carolina Gov. Nikki Haley, who received about 19% of the vote, were Trump’s closest competitors.
Entrepreneur Vivek Ramaswamy reportedly put an end to his presidential campaign and endorsed Trump after he finished fourth in Iowa.
The latest Morning Consult poll, which Benzinga tracks weekly, showed that Trump currently holds a commanding lead in the Republican primary race with approximately 69% of support.
Digital World is a SPAC set to merge with the former president’s Trump Media & Technology Group, which is behind the Truth Social app.
DWAC Price Action: Digital World shares were up 7.08% at $18.54 at the time of writing, according to Benzinga Pro.
Photo: Gage Skidmore from Flickr.
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