Trump-Tied Digital World Is Surging Monday: What's Going On?

Digital World Acquisition Corp DWAC shares are running Monday after Florida Gov. Ron DeSantis ended his presidential campaign and endorsed former President Donald Trump.

What To Know: DeSantis officially wrapped up his presidential campaign on Sunday and endorsed Trump ahead of the New Hampshire primary on Tuesday.

“He has my endorsement because we can’t go back to the old Republican guard of yesteryear,” DeSantis said in a social post on X, taking a shot at former South Carolina Gov. Nikki Haley.

The news comes less than a week after Trump won the Iowa caucus in a landslide with more than half of the total vote. DeSantis was Trump’s closest competitor with around 21% of the vote. Haley was the next closest candidate with about 19% of the vote. Trump’s dominating win set a new record for victory margins in the Iowa Republican caucus.

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.

Related Link: Ron DeSantis Ends Presidential Race, Backs Donald Trump Ahead Of New Hampshire Primaries

DWAC Price Action: Digital World shares were up 26.5% at $33.38 at the time of writing, according to Benzinga Pro.

Photo: Leonard Zhukovsky from Shutterstock