the stock of digital world acquisition corp—a special purpose acquisition company that had plans to merge with the company behind former president donald trump’s truth social— jumped more than 30 at times in afterhours trading thursday after details about its 18 million settlement with the securities and exchange commission were released the stock of digital world acquisition corp—a special purpose acquisition company that had plans to   merge with the company behind former president donald trump’s truth social— jumped more than 30 at times in afterhours trading thursday photo illustration by leon nealgetty images digital world acquisition corp dwac closed thursday at 1336—down about 2—but saw a jump to 1731 by 530 pm the nasdaqlisted blank check firm that agreed to acquire truth social’s parent company and take it public announced earlier this month that it would pay a civil penalty of 18 million to settle an sec probe but details of the settlement weren’t made clear in a release thursday the sec made clear the company had misled investors with its disclosures by “failing to disclose” that it had a plan and was working to acquire trump media  technology group corp the parent company of truth social spac tied to trumps media company will pay 18 million to regulators truth social spac agrees to pay 18 million to settle sec investigation into merger