Digital World Acquisition Corp.
DWAC,
and Trump Media & Technology Group agreed to push again the deadline to finish their deliberate merger.
The blank-check firm and Donald Trump’s social media firm, which owns Truth Social, have till Dec. 31 to finish their deal. The two beforehand agreed to merge in 2022, however have confronted regulatory scrutiny.
Last month, DWAC resolved an investigation by the Securities and Exchange Commission by paying an $18 million high-quality. The SEC alleged that DWAC had misled traders throughout its preliminary public providing.
Trump’s media firm will grow to be publicly traded if the businesses merge. They had beforehand agreed on a September deadline to finish the mix.
As a part of the modification to the 2 corporations’ merger settlement, additionally they agreed to extra due diligence forward of the finished mixture.
Source web site: www.marketwatch.com
