The previous article incorrectly identified the social media company of Donald Trump. The error has been rectified.

Digital World Acquisition Corp. (DWAC) -0.16% ,, the special-purpose-acquisition company (SPAC), looking to take Donald Trump’s Truth Social platform publicly, rose 2.6% on Friday morning after former president claimed he had been indicted as part of the federal investigation concerning classified documents. Trump was summoned by federal court to appear on June 13th. The SPAC stock grew 3.6% after Trump was found to be liable on May 9 for defamation and sexual abuse. It then climbed 7.5% in three days, closing May 11 at $13.93, and then pulled back. Since October 2021, a merger between Digital World Acquisition & Trump Media & Technology Group is in the works. Digital World Acquisition announced earlier this week that its board of directors had approved an extension to the date by which the company must close a merger. The new deadline is now Sept. 8, 2023, instead of June 8. SPAC stock is down 69.7% in the last 12 months while S&P 500 Spx, +0.05% is up 7.2%.