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.
ایران آخرین اخبار, ایران سرفصلها
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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.
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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.
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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.
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