Digital World Acquisition Corp., which is seeking to take Truth Social public via a SPAC merger, settles fraud charges with the US SEC for $18M; DWAC is up 50%+ (Julie Coleman/CNBC)

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Julie Coleman / CNBC:
Digital World Acquisition Corp., which is seeking to take Truth Social public via a SPAC merger, settles fraud charges with the US SEC for $18M; DWAC is up 50%+  —  - Shares of Digital World Acquisition Corp. soared more than 50% on Friday after the company reached an $18 million dollar fraud settlement with the SEC.

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