Digital World Acquisition
DWAC,
the special-purpose acquisition firm that has agreed to merge with Trump Media & Technology Group, pushed again its shareholder vote to increase its merger deadline.
The vote, which was scheduled for Aug. 17, has been delayed to Sept. 5, the blank-check agency mentioned in a securities submitting. The SPAC has been making an attempt for nearly two years to shut its merger with Trump Media, the father or mother firm of Truth Social.
“Our SPAC is at a defining crossroads,” DWAC Chief Executive Eric Swider mentioned.
If the extension of the merger deadline isn’t authorised, the SPAC has till Sept. 8 to consummate the merger.
Trump Media Chief Executive Devin Nunes, a former congressional consultant from California, mentioned the corporate continues to be dedicated to its merger with DWAC.
“We look forward to getting this deal done as soon as possible, in partnership with DWAC, and moving forward to the next stage of our company’s growth,” he mentioned.
Shares of DWAC fell 3% to $16.52 in after-hours buying and selling.
Source web site: www.marketwatch.com
