The 2-year saga involving a proposed deal to take Donald Trump’s Fact Social platform public simply received even longer.
Shareholders voted to present the special-purpose acquisition firm attempting to take the previous president’s media agency public one other 12 months to finish the merger. Digital World Acquisition Corp. beforehand confronted a deadline of Friday to complete the deal.
Digital World shares rose about 3% to round $17 following the information and stay roughly 70% above the place the SPAC started buying and selling. The inventory is at a fraction of its intraday peak of $175 from proper after the deal was first introduced almost two years in the past.
