After years of investigations and probes into Donald Trump for a wide variety of alleged crimes, a Manhattan grand jury voted Thursday to indict him, marking the first time in U.S. history a former president will face criminal charges.
The news of Trump's indictment sent $Digital World Acquisition Corp (DWAC.US)$ shares up 8% in premarket trading on Friday, according to Benzinga Pro data.
DWAC is a blank-check company set to merge with the former president's Trump Media and Technology Group (TMTG). Previously, DWAC shares also got a boost when Trump said he expected to be arrested.
What Happened: Trump reacted to the indictment originating from claims that $130,000 was paid to the adult movie star in exchange for her silence in an alleged affair, on Thursday.
"Never before in our Nation's history has this been done," said Trump. The former U.S. president equated the indictment with electoral interference in the 2024 presidential election.
Trump said in his statement that Manhattan District Attorney Alvin Bragg, the key prosecutor in Daniel's case, was doing President Joe Biden's "dirty work."