Donald Trump may be finally headed for Wall Street.

The Securities and Exchange Commission has signed off on one of the last outstanding hurdles to a more than two-year-old planned merger to take the former president’s media venture public, according to the companies behind the deal, Trump Media & Technology Group and Digital World Acquisition Corp.

Now, pending final approval from investors, Trump Media would join the ranks of thousands of other public companies trading in the U.S. The deal could inject some $300 million into the company, which operates Trump’s social media bullhorn, Truth Social. And Trump himself will gain a major stake in the company.

“I never thought it would get to this point,” said Julian Klymochko, CEO of Accelerate Financial Technologies, which operates a fund focused on so-called blank-check companies like Digital World that seek to acquire private companies to take them public. “Deals die on the vine, but this one somehow managed to survive despite seemingly everything going against it.”

The SEC’s green light is a surprising turn for the beleaguered deal — injecting new hope into Trump’s next act in business, just as the presumptive GOP nominee’s campaign against President Joe Biden heats up.

Shares in Digital World Acquisition Corp., or DWAC,........

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