Shares of Trump-Linked SPAC Fall After Merger Extension Vote Reportedly Fails

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Shares of DWAC fell more than 15% Tuesday morning after the company reportedly failed to get enough shareholder votes to extend the deadline for its merger with Trump Media.

with Trump Media and Technology Group.

The special purpose acquisition company had a Sept. 8 deadline to take former President Trump's media company and its Truth Social platform public. The SPAC has previously warned that a failure to extend the merger deadline could force DWAC to liquidate. Reuters reported that DWAC failed to secure enough shareholder votes for the one-year extension to complete the deal, citing people familiar with the matter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines