Business Maverick: Trump-Tied SPAC Drops on Report It Can’t Get Deadline Push

Executives at the special purpose acquisition company don’t expect to get enough shareholder support for a one-year extension to complete a deal with Trump Media & Technology Group, Reuters reported, citing people familiar with the matter. The shares fell as much as 21% to $19.70 on Tuesday, the lowest since the deal was announced in October, while warrants tied to the SPAC sank 17%.

The company — which needs 65% of shareholders to support the extension — is now weighing delaying the vote deadline among other options, Reuters said. The shareholder meeting is scheduled for noon in New York on Tuesday and the company has been active in recent weeks, courting retail traders to vote — a group that historically misses out on similar events.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business Maverick: Stocks Erase Drop With Rebound in Defensive Shares: Markets WrapStocks rose, following three straight weeks of losses in Wall Street that pushed the market closer to oversold levels. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0 I never knew I would be what as I'm today so mush suffering, saw a post about your platform and I took a step to try if it's going to work, you changed my life financially, I just want to share your good work and let the world know how great you are JamesAlderson0
Källa: dailymaverick - 🏆 3. / 84 Läs mer »