The blank-check company seeking to take Donald Trump’s media company public sweetened the proposed deal to keep the former president from walking away. Now it needs to make sure rank-and-file investors stick around, too.
Digital World Acquisition, the SPAC that’s been waiting to take over Trump Media & Technology Group for nearly two years, will ask investors on Thursday to push out the deadline for closing the deal by another 12 months, according to Bloomberg. That would be the fifth such extension and potentially give it the time needed to surmount the remaining legal hurdles to buying Trump’s company, whose main asset is Truth Social, the Twitter look-alike he uses to communicate with followers.
The SPAC currently faces a Sept. 8 deadline for completing the merger, which was announced in October 2021. Read more.
