Digital World Acquisition Corp (NASDAQ:DWAC) shares surged after the SEC declared its registration statement on Form S-4 effective for its proposed business combination with Trump Media & Technology Group, owner of Truth Social. The move is seen as a step forward for the merger, with a shareholder meeting to vote on the combination expected soon. DWAC's stock has been rising amid increasing likelihood of Donald Trump's return to the White House, with a recent poll showing him leading the Republican primary race.