DWAC poised to buy Trump Media & Technology Group. Stock rallies as it clears regulatory hurdle, but it also discloses potential snag.

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Digital World Acquisition Corp.’s stock rallied 24% on Thursday after the special purpose acquisition company said it cleared a regulatory hurdle to take the parent of Donald Trump’s Truth Social public, while disclosing a new potential snag with the deal.

Digital World Acquisition Corp. DWAC rose by $10.15 to $53.70, the stock’s highest level in nearly two years.

DWAC…

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