Merger for Trump’s Truth Social avoids collapse as proposed investment partner, facing liquidation, wins reprieve from shareholders
Shareholders in Digital World Acquisition, the would-be investment partner of former president Donald Trump’s media start-up, voted to approve an extension of the company’s merger deadline and give it more time to complete the deal, Digital World said Tuesday. The extension, granted three days before Digital World would have been required to liquidate, will give the special purpose acquisition company, or SPAC, another year to finalize its merger with Trump Media & Technology Group. -- WAPO
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