Donald Trump-linked stocks rallied in the US after the former president hinted he may run for the White House in 2024.
Digital World Acquisition Corp (DWAC), the media company taking Trump Media and Technology Group public, jumped 66% on Monday.
That took the special purpose acquisition company (SPAC) to back over a value of US$1bn for the first time since August.
DWAC is still said to be working on gaining enough shareholder support to extend the deadline for its merger with Trump’s media company to next September.
A criminal probe into the SPAC is also underway after possible securities violations took place between DWAC and Trump Media before the merger announcement.
Trump said in a rally in Michigan last month that he would take Trump Media private if DWAC did not come up with the funding.