7 Penny Stocks Getting a Boost From the DWAC Trump SPAC

Donald Trump's new company, Trump Media & Technology Group (TMTG), recently announced its plans to merge with special-purpose acquisition company (SPAC) $Digital World Acquisition Corp (DWAC.US)$. DWAC soared as much as 400% the following day. Interestingly, penny stocks connected to the merger are also doing well.

Essentially, SPACs are blank check companies that are investment vehicles looking for startups to take public. With limited paperwork and financial requirements, it is a less taxing way to list shares.

Under the merger announcement, related penny stocks in social media and tech are surging. Some of them are relatively new players, and others are established enterprises. These penny stocks look poised for quick gains from the merger:
$Salem Media Group (SALM.US)$
$Grom Social Enterprises (GROM.US)$
$Phunware (PHUN.US)$
$Creatd (CRTD.US)$
$IZEA Worldwide (IZEA.US)$
$Greenpro Capital (GRNQ.US)$
$NextPlay Technologies (NXTP.US)$

Part of the content is taken from Yahoo! Fiance.