Digital World, Truth Social Extend Deadline for Merger

대한민국 뉴스 뉴스

Digital World, Truth Social Extend Deadline for Merger
대한민국 최근 뉴스,대한민국 헤드 라인

DWAC stockholders voted to extend the deadline for its merger agreement with TMTG that would unlock millions in financing for Truth Social.

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Digital World Acquisition Corp. stockholders overwhelmingly voted to extend the deadline for its merger agreement with Trump Media & Technology Group Corp that would unlock millions in financing for former President Donald Trump’s Truth Social.

DWAC is a special purpose acquisition company in talks to merge with TMTG, Truth Social’s parent company. On Tuesday, 72 percent of DWAC shareholders voted to extend the merger’s timeline by up to one year.that the previous September 8, 2023, deadline could be a “catastrophic threat” to Truth Social.

TMTG would gain access to more than $1 billion in cash from DWAC’s institutional investors if the deal closes, ReutersThe merger would come at a pivotal time for Trump, as Truth Social is the primary platform he uses to communicate with his supporters. Trump has laid out his policy agenda and spoke on the ongoing criminal cases against him on the platform.SwiderWe are immensely grateful to our stockholders and our working group for their continued trust and support.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

BreitbartNews /  🏆 610. in KR
 

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Truth Social investment partner extends deadline, avoiding liquidationTruth 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.
더 많은 것을 읽으십시오 »

Trump’s Truth Social merger with SPAC wins 1-year reprieve with shareholders voteTrump’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.
더 많은 것을 읽으십시오 »

Trump's Truth Social SPAC merger deadline extended another yearTrump'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.
더 많은 것을 읽으십시오 »



Render Time: 2025-01-20 05:43:48