Digital World Acquisition in an 8-K filed today said shareholders voted 26,913,969 to 284,011 in favor of extending the SPAC’s deadline by up to 12 months to complete a merger with Trump Media & Technology Group.
The SPAC also noted that 28,745 shares of Class A stock were redeemed, which is expected to remove approximately $294,348.80 ($10.24 per share) from the company’s trust.
Had the extension not been approved, Digital World would have been forced to return money to investors this Friday. Now the SPAC has up until September 2024 to get the deal across the finish line after nearly two years of turbulence since it was announced. Read more.
