DWAC stockholders approve extension to complete business combination until September 8, 2023

Trump Media & Technology Group Corp.

Stockholders voted ~98% in favor of Extension Amendment; ~66% of outstanding shares voted.
Extension allows up to four 3-month increments from Sep 8, 2022 through Sep 8, 2023.
5,658 shares redeemed at ~$10.41/share, totaling ~$58,916 removed from trust account.
Approval enables additional time for DWAC to consummate an initial business combination.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Trump Media & Technology Group Corp.: Filed an amendment to the Amended and Restated Certificate of Incorporation to extend the period to consummate an initial business combination up to four times by three months each, for up to 12 additional months (effective 2022-11-22).

Change: charter amendment
Effective: 2022-11-22

Exact text from the filing

On November 22, 2022, Digital World Acquisition Corp., a Delaware corporation (the “ Company ”), filed an amendment to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “ Extension Amendment ”). The Extension Amendment extends, upon the request of ARC Global Investments II LLC (the “ Sponsor ”) and approval by the Company’s Board of Directors (the “ Board ”), the period of time for the Company to consummate an initial business combination up to four times, each by an additional three months, for an aggregate of 12 additional months (which is from September 8, 2022 up to September 8, 2023) or such earlier date as determined by the Board.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Trump Media & Technology Group Corp. shareholders approved Extension Amendment to extend period to consummate initial business combination at the 2022-11-22 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2022-11-22

Exact text from the filing

On November 22, 2022, the Company held a special meeting of stockholders (the “ Meeting ”). At the Meeting, the Company’s stockholders approved the Extension Amendment extending, upon the request of the Sponsor and approval by the Board, the period of time for the Company to consummate an initial business combination up to four times, each by an additional three months, for an aggregate of 12 additional months (which is from September 8, 2022 up to September 8, 2023) or such earlier date as determined by the Board (the “ Extension Amendment Proposal ”). The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain Broker Non-Votes 24,549,053 280,965 117,011 0

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13 governance changes filed in the last 30 days. Browse all governance changes →

Trump Media & Technology Group Corp. filing history →

Source: SEC EDGAR

accession 0001193125-22-294589

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