Big Law

Digital World Investors Vote for One-Year Extension to Finish Merger Deal With Trump Media Firm

Investors in Digital World Acquisition (DWAC), the blank-check acquisition company that plans to merge with former U.S. President Donald Trump’s social media firm, voted on Tuesday to give up to a one-year extension to complete the deal.

After a number of delays, enough shareholders agreed to give DWAC up to an additional 12 months to finalize its plans with Trump Media & Technology Group (TMTG), a person familiar with the vote said on Tuesday.

Digital World needed to get 65% of its roughly 400,000 shareholders to vote to approve the extension.

Read the source article at Yahoo Finance

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