Trump's Truth Social merger partner granted key extension to avoid liquidation

  • 📰 CNN
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Digital World Acquisition Corp., the blank-check firm seeking to merge with former President Donald Trump’s media company, will get another extension to complete its troubled deal.

Shareholders voted to grant

would have liquidated, and the social media platform would have to find another financial backer by September 8, 2023. It also would have been required to return $300 million to shareholders. It’s the second time violated anti-fraud laws by failing to disclose to investors that it was actively pursuing a merger deal with TMTG before it went public.

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

 /  🏆 4. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Trump’s Truth Social merger with SPAC wins 1-year reprieve with shareholders voteThe long-running negotiations to merge Trump’s media company with a blank check firm faced collapse on Friday if the deadline wasn’t extended.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Trump's Truth Social SPAC merger deadline extended another yearDigital World, the special purpose acquisition company planning to take former President Trump's media company public, voted Tuesday to extend the merger deadline another year.
مصدر: FoxBusiness - 🏆 458. / 53 اقرأ أكثر »

Truth Social investment partner extends deadline, avoiding liquidationThe extension was granted three days before Digital World would have been required to dissolve itself and return money to investors.
مصدر: washingtonpost - 🏆 95. / 72 اقرأ أكثر »