Trump-Linked Digital World Stock Is Rising Monday: What's Going On?

Digital World Acquisition Corp DWAC shares are trading higher Monday. The company announced late last week that shareholders approved its proposed merger with Trump Media & Technology Group Corp.

What To Know: After the market close on Friday, Digital World announced that its proposed merger with former President Donald Trump’s Trump Media & Technology Group Corp has been approved by shareholders.

The company noted that “the vast majority” of votes cast at its shareholder meeting were in favor of approving the business combination.

Following the completion of the business combination, Trump Media & Technology Group Corp will continue as the surviving corporation and begin trading on the Nasdaq under the ticker symbols “DJT” and “DJTWW.”

“We are immensely grateful to our stockholders and our working group for their continued trust and support. This vote underscores their confidence in the merger with TMTG and the path we have set for the future,” said Eric Swider, CEO of Digital World.

“Looking forward, I am excited to aim to continue to drive value and success for our company as a director of TMTG once we become a public company.”

Check This Out: Trump-Linked Digital World Acquisition Counted Billionaire Wall Street Financier Jeff Yass’ Firm As Largest Institutional Shareholder: Report

How To Buy DWAC Stock

By now you're likely curious about how to participate in the market for Digital World – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. In the the case of Digital World, which is trading at $39.10 as of publishing time, $100 would buy you 2.56 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

DWAC Price Action: Digital World shares were up 8.69% at $40.13 at the time of publication, according to Benzinga Pro.

Photo: Shutterstock.