Shares of a SPAC linked to Trump's Truth Social — which had risen sharply last week — are down 8% after the former president's arrest

• Shares of Digital World Acquisition Corp, a SPAC, closed 8% lower at $14.03 on Tuesday.
• The SPAC has plans to merge with Trump Media and Technology Group, which owns Truth Social.
• The stock slumped just as former President Trump was being arraigned, and subsequently arrested.

Shares of a blank check company linked to former President Donald Trump were hammered just as he was arraigned and arrested on Tuesday.