INSUBCONTINENT EXCLUSIVE:
Digital World Acquisition Corp (DWAC.O), the blank-check company taking former United States 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, Reuters
reported Saturday.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
Digital World is seeking to extend the date by 12 months.The announcement comes amid probes by United States regulators over the proposed
merger.Digital World said in June its board of directors had received subpoenas from a Federal grand jury in the Southern District of New
York, while the United States Securities and Exchange Commision and the Financial Industry Regulatory Authority had also made requests for
additional information on the deal.Trump Media - Technology Group Corp, the creator of Truth Social, in October agreed to merge with Digital
World and was expecting the deal to close by the second half of this year.The post Trump social media deal can''t close on time, needs
extension, buyer says first appeared on Ariana News.
