The SPAC aiming to take former President Donald Trump’s media company public adjourned its shareholder meeting by three hours to allow voting to continue on delaying the merger.
The deadline for the merger is Thursday and the vote could decide the fate of a cash infusion from DWAC's public offering.Digital World Acquisition Corp
., the SPAC aiming to take former President Donald Trump's media company public, adjourned its shareholder meeting by another three hours to allow voting to continue on delaying the merger. The deadline for the merger is Thursday, and the vote could decide the fate of a $1.3 billion cash infusion from DWAC's public offering and Trump Media and Technology Group's potential listing on the stock market.
Trump Media owns Truth Social, which was founded by the former president after he was banned from Twitter following the Jan. 6, 2021 Capitol riot.Download NBC 5 Dallas-Fort Worth