Digital World Acquisition, the company planning to merge with Donald Trump's media start-up, Trump Media & Technology Group, faces a potential catastrophic threat as it approaches a September 8 deadline for the merger, which, if it fails, would require the company to liquidate and return $300 million to shareholders.
Investors have granted a one-year extension to Digital World Acquisition Corp., giving them more time to complete the merger with Trump Media & Technology Group and list the combined firm on Nasdaq, potentially saving at least $300 million for Trump Media's social media platform, Truth Social.
Digital World Acquisition Corp. shareholders have granted the SPAC an additional year to finalize its merger with Trump Media & Technology Group, the owner of Truth Social, allowing them more time to take former President Trump's media company public.
Digital World Acquisition Corp., the blank-check firm seeking to merge with Trump Media & Technology Group, has been granted another year to complete its troubled deal, allowing the merger with Truth Social to proceed until September 8, 2024, after shareholders voted in favor of the extension.
