Trump-Linked Digital World Acquisition Corp Shares Are Now Around $16 After Hitting $97 Earlier This Year

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Shares of Digital World Acquisition Corp. fell this week as the Trump Media merger partner missed a key deadline to hold on to about $1 billion in financing.

involving discussions about a deal prior to the merger announcement. The Justice Department is also probing the deal.A lawsuit alleging widespread fraud from New York Attorney General Letitia James

His Truth Social app, which was founded after the ex-president was banned from Twitter after the events of Jan. 6,for violating Google's content moderation policies. Google and Truth Social said this week they were still working on a solution. DWAC needs to buy more time to get shareholders to approve delaying the merger by up to a year. DWAC CEO Patrick Orlando made a $2.8 million deposit to extend the merger deadline to December. A shareholder vote is required for the yearlong extension the company is aiming for, but DWAC has been unable to rally its many retail investors to approve the extension thus far. The next shareholder meeting is scheduled for Oct. 10.

 

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like everything Trump touches... it dies, fails, gets arrested,quits, suffers public humiliation, or has to get a lawyer...

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