Truth Social SPAC Reportedly Fails To Get Shareholder Support To Prolong Acquisition

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Digital World Acquisition Corp’s stock has slumped more than 18% in the last month amid reports of financial troubles at the former president’s social media company.

A request to extend the deadline for the merger between former President Donald Trump's Truth Social platform and a special purpose acquisition company could not gather shareholder support, ReutersThis illustration photo shows Donald Trump's new social media app Truth Social, glitching on aDigital World Acquisition Corp —the Nasdaq-listed blank check company which has agreed to acquire Truth Social’s parent company Trump Media & Technology Group and take it public—failed to garner...

If DWAC fails to deal with the issue before Thursday’s September 8 deadline, it will be forced to liquidate its shares and return the money it raised in its initial public offering.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Lovely and wonderful. It may be 4:50 AM and I may have been sleepless since 2 AM, but you have made me happy. Aaaaaaah, so good. Will be forced to liquidate. Will be forced to liquidate. It's like a magic spell. Will be forced to liquidate

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين