Big Law

Digital World Acquisition Extends Deadline for Its Merger With Donald Trump’s Media Company

Digital World Acquisition and former U.S. President Donald Trump’s media company on Wednesday extended the deadline for their merger by over three months to Dec. 31, as they work to close the deal that has been delayed by regulatory scrutiny.

The move comes weeks after blank-check firm DWAC settled fraud charges with the U.S. securities regulator, clearing some of the uncertainty over its merger with Trump Media & Technology Group (TMTG) – the parent company of the Truth Social app.

Shares of the DWAC were 10% higher in extended trading.

The firm, which originally struck a deal to merge with TMTG in October 2021, had in June extended the deadline to Sept. 8.

Read the source article at Yahoo Finance

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