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Shares of Trump Media & Technology (NASDAQ:DJT) jumped about 20% premarket on Tuesday on its Nasdaq debut.
On Monday, SPAC Digital World Acquisition and former President Donald Trump’s media company Trump Media & Technology Group had announced the completion of their business combination. The deal had already received approval from DWAC shareholders.
Trump Media will continue to be led by CEO Devin Nunes, and its current management team.
Year-to-date, Digital World’s stock has soared nearly 185% amid a long-delayed combination, in a time which has seen Trump win several primaries to become the Republican candidate for president.
“As a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors,” Nunes said in a press release announcing the closure of the deal.
