Digital World Acquisition Corp. (NASDAQ: DWAC) has announced an extension of the deadline to complete its initial business combination from March 8, 2024, to June 8, 2024. This extension provides the company with additional time to finalize its initial business combination as determined by the board of directors.
Digital World Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
The company operates truth social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by big tech corporations.
Digital World has filed a registration statement on Form S-4, which has been declared effective as of February 14, 2024, and a proxy statement in connection with the business combination. These documents contain important information about Digital World, TMTG, and the business combination.
Securityholders of Digital World and other interested persons are advised to read the registration statement, proxy statement, and any related supplements. They will be able to obtain copies of these documents without charge on the SEC's website or by directing a request to Digital World Acquisition Corp.
It's important to note that Digital World and TMTG, along with certain directors, executive officers, and other members of management and employees, may be deemed participants in the solicitation of proxies from the securityholders of Digital World in favor of the business combination.
Following these announcements, the company's shares moved -3.5%, and are now trading at a price of $39.73. Check out the company's full 8-K submission here.
