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)

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.