SPAC Again Delays Shareholder Vote on Merger With Trump’s Social-Media Platform

Updated Oct. 10, 2022 4:18 pm ET

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The special-purpose acquisition company that is trying to take public former President Donald Trump’s social-media platform pushed back the deadline for its shareholders to vote on giving the company more time to close its deal.

The SPAC, Digital World Acquisition on Monday pushed the deadline to Nov. 3 on the vote to extend the deadline to merge with Trump Media & Technology Group. The entity had needed approval of shareholders representing 65% of shares by Monday for a one-year extension. Patrick Orlando, Digital World Acquisition chief executive, said the latest delay is meant “to accommodate the sheer number of voters that have not yet been able to cast their vote.”

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This article was written by and originally published on www.wsj.com