Truth Social, Digital World Acquisitions merger deadline approaches

Digital World Acquisition Corp. (DWAC), a "blank check" company, faces a crucial deadline to close a merger deal with Truth Social's parent company, Trump Media and Technology Group (TMTG), which needs the funds for its public listing and could result in $1 billion in funding if successful.

thehill.com

Relevant topic timeline:

9/2/2023

Trump’s Truth Social facing a key funding deadline

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.

9/5/2023

Trump social media startup wins more time to go public

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.

9/5/2023

Trump's Truth Social SPAC merger deadline extended another year

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.

9/6/2023

Trump's Truth Social merger partner granted key extension to avoid liquidation

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.