Trump-linked SPAC surges on Truth Social launch

Remark Holdings

22/02/2022 11:18

** Shares of SPAC  DWAC.O  that signed a deal in October to
merge with former President Donald Trump's new media platform
gain ~32% to $111 in premarket trading 
    ** Digital World Acquisition Corp's stock set to open at its
highest price in nearly four months, if gains hold 
    ** Trump's new social media venture, Truth Social, launched
late on Sunday in Apple's App Store  urn:newsml:reuters.com:*:nL1N2UW0XN
    ** App was among top downloaded on Apple App store on Monday
    ** Other Trump-linked companies also gain
    ** Software developer Phunware Inc  PHUN.O , hired by
Trump's 2020 Presidential reelection campaign to build a phone
app, up 21%
    ** Remark Holdings  MARK.O , which has been linked to Trump
on social media sites, rises 10.4%. Reuters has not
independently verified the link between Trump and Remark
    ** Blank-check firm Benessere Capital  BENE.O , run by
DWAC's CEO and former investment banker Patrick Orlando, edges
up
    ** SPAC CF Acquisition Corp VI  CFVI.O , which will take
Canadian video platform Rumble Inc public, advances 5.4%
    ** Trump's social media venture entered into a technology
and cloud-services agreement with Rumble in Dec  urn:newsml:reuters.com:*:nL4N2SZ422

 (Reporting by Nivedita Balu and Bansari Mayur Kamdar in
Bengaluru)
 ((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu;))