SPAC linked to Trump's venture outperforms others in sector

FILE PHOTO: Former U.S. President Donald Trump looks on during his first post-presidency campaign rally at the Lorain County Fairgrounds in Wellington, Ohio, U.S., June 26, 2021. REUTERS/Shannon Stapleton//File Photo

(Reuters) - Shares of the blank-check acquisition firm that agreed to merge with former President Donald Trump's social media venture have outperformed every other special purpose acquisition company (SPAC), despite the regulatory risks facing the deal and investors now snubbing the vast majority of such vehicles.

Digital World Acquisition Corp, which inked an $875 million deal in October to merge with Trump Media & Technology Group Corp (TMTG), currently ranks as the best performing SPAC stock ever, according to SPAC Research.