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

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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.

 

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