Shares of a blank-check company that is taking former President Donald Trump’s new social network public surged in premarket trading Friday after more than quadrupling on Thursday.
Digital World Acquisition Corp. shares climbed 95% ahead of the New York opening bell, suggesting another day of big gains. Its shares rose from less than $10 to $45.50 Thursday after it announced a deal to buy a newly formed media company backed by Mr. Trump that plans to launch a Twitter-like platform called Truth Social.
