Trump partner in Truth Social delays key vote on merger
https://apnews.com/0260ab7adcdcdd711fdc9aef770cdd1e
NEW YORK (AP) — A key decision over whether Donald Trump’s social media platform Truth Social will merge with a cash-rich company and get $1.3 billion to take on Twitter has been put off for another month.
The potential partner, Digital World Acquisition Corp., on Thursday postponed a shareholder vote to extend by a year a deadline to close its merger with Trump’s company and release funds to pay its bills. At least 65% of shareholders need to approve the extension, a threshold not reached in tallies earlier in the day.
Trump partner in Truth Social delays key vote on merger
Sep 9, 2022, 1:16am UTC
https://apnews.com/0260ab7adcdcdd711fdc9aef770cdd1e
> NEW YORK (AP) — A key decision over whether Donald Trump’s social media platform Truth Social will merge with a cash-rich company and get $1.3 billion to take on Twitter has been put off for another month.
> The potential partner, Digital World Acquisition Corp., on Thursday postponed a shareholder vote to extend by a year a deadline to close its merger with Trump’s company and release funds to pay its bills. At least 65% of shareholders need to approve the extension, a threshold not reached in tallies earlier in the day.