The U.S. Securities and Exchange Commission in February allowed the merger after more than two years of setbacks to Republican presidential candidate's Trump Media & Technology Group (TMTG) – the parent of his social media firm Truth Social – to complete a stock market listing. The shell vehicle's stock has surged 144% since the beginning of this year as Trump tightened his grip on the Republican nomination for president, raising bets that his re-emergence as a political figure would make Trust Social more valuable.
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