Trump-Linked SPAC Files for Resale of up to 100 Million Shares

Trump-Linked SPAC Files for Resale of up to 100 Million Shares
Former President Donald Trump speaks during the National Rifle Association (NRA) annual convention at the George R. Brown Convention Center in Houston on May 27, 2022. Brandon Bell/Getty Images
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Digital World Acquisition Corp., a special purpose acquisition company tied to former President Donald Trump, on Friday filed for a resale of up to 100 million shares by existing investors.

Shares of the company fell 5.6 percent to $42.39 after the SPAC also said it will not receive any proceeds from the offering.