Truth Social, Digital World Acquisitions merger deadline approaches ...Middle East

The Hill - Technology

A firm aiming to merge with the social media platform Truth Social's parent company faces an important deadline next week to close the deal. Digital World Acquisition Corp. (DWAC) and Trump Media and Technology Group (TMTG), Truth Social’s parent company, announced plans to merge in October 2021. DWAC is a “blank check” company created to merge with a technology company, and faces liquidation if it doesn’t meet a Sep. 8 deadline for the merger to close. TMTG needs the money from the acquisition firm to go public. If it goes through, the merger could result in $1 billion in funding. The deadline for the merger was extended in Nov. 2022 by a shareholder vote. The Securities and Exc

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Last updated : 02 September 2023 clock 08:09 PM

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Truth Social, Digital World Acquisitions merger deadline approaches ...Middle East

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