The special purpose acquisition company taking Trump Media & Technology Group public once again quickly adjourned its special shareholder meeting to announce voting results about a deal extension.
DIGITAL WORLD ACQUISITION CORP.
Digital World Acquisition Corp.'s (DWAC) CEO, Patrick Orlando, announced the adjournment within minutes of the special meeting kicking off, scheduling the new meeting date for Nov. 3. Monday's adjournment is meant to "solicit more votes" for extending the deadline to combine with Trump Media, which owns former President Donald Trump's TRUTH Social platform, until Sept. 8 of next year, according to a DWAC release.
TRUMP'S SOCIAL MEDIA APP FACING FINANCIAL FALLOUT
The special meeting was originally scheduled for Sept. 6 but has been adjourned a few times since then. The SPAC may have to liquidate if enough shareholders do not vote in favor of the extension ahead of the current Dec. 8 deadline.