Digital World in another missive to shareholders urged its investors to vote Sept. 5 in favor of extending the deadline to merge with Trump Media & Technology Group. The SPAC is facing a Sept. 8 termination deadline, but hopes to secure up to another year to close the deal with the ex-president’s social media company.
The SPAC’s last extension, approved by shareholder vote in November last year, cleared only after six adjournments. Much of the blame for the delay was attributed to the SPAC’s retail investors, with Digital World management saying at the time that it can be difficult to get retail investors to vote on procedural matters.
Digital World announced the deal with the former president’s media company almost two years ago. It’s been a bumpy road ever since. Read more.
