Trump social media deal can't close on time, needs extension, buyer says

Trump social media deal can't close on time, needs extension, buyer says

Trump social media deal can't close on time, needs extension, buyer says Register now for FREE unlimited access to Reuters.com Aug 5 (Reuters) - Digital World Acquisition Corp (DWAC.O), the blank-check company taking former U.S. President Donald Trump's Truth Social app public, on Friday announced a special meeting of shareholders to approve an extension to the cut-off date to complete the merger. "While we are using our best efforts to complete the Business Combination as soon as practicable, our board of directors believes that there will not be sufficient time before the Termination Date to complete the Business Combination," Digital World said in a SEC filing. The termination date to complete the merger is Sept. 8, 2022. Digital World is seeking to extend the date by 12 months. Register now …
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