The special-purpose acquisition company trying to take Trump Media & Technology Group public will pay nearly $3 million to get three more months to complete the deal, tightening an already narrow path for the merger.
Shares of Digital World Acquisition added 2.8% to $24 a share Friday after it confirmed late Thursday that it failed to get investor approval for a one-year extension of its merger deadline. The stock swung between $20 and $25 most of this week.
Source: https://www.wsj.com/articles/trump-media-spac-extends-merger-deadline-11662745109?siteid=yhoof2&yptr=yahoo