Truth Social SPAC Reportedly Fails To Get Shareholder Support To Prolong Acquisition

  • 📰 Forbes
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Digital World Acquisition Corp’s stock has slumped more than 18% in the last month amid reports of financial troubles at the former president’s social media company.

A request to extend the deadline for the merger between former President Donald Trump's Truth Social platform and a special purpose acquisition company could not gather shareholder support, ReutersThis illustration photo shows Donald Trump's new social media app Truth Social, glitching on aDigital World Acquisition Corp —the Nasdaq-listed blank check company which has agreed to acquire Truth Social’s parent company Trump Media & Technology Group and take it public—failed to garner...

If DWAC fails to deal with the issue before Thursday’s September 8 deadline, it will be forced to liquidate its shares and return the money it raised in its initial public offering.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lovely and wonderful. It may be 4:50 AM and I may have been sleepless since 2 AM, but you have made me happy. Aaaaaaah, so good. Will be forced to liquidate. Will be forced to liquidate. It's like a magic spell. Will be forced to liquidate

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:

 /  🏆 394. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines