DWAC shareholders approve extension of business combination deadline to Sept 2024

Trump Media & Technology Group Corp.

Extension Amendment approved by ~72.33% of outstanding shares; extends deadline in 3-month increments up to Sept 8, 2024.
28,745 shares redeemed for ~$294,349 (~$10.24/share) removed from trust account.
CEO Eric Swider cites shareholder confidence in potential merger with TMTG and expects to complete transaction quickly.
TMTG CEO Devin Nunes says they will proceed as quickly as possible to complete merger after vote of confidence.

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 amendment to extend deadline to consummate initial business combination up to 12 additional months (effective 2023-09-06).

Change: charter amendment
Effective: 2023-09-06

Exact text from the filing

On September 6, 2023, 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 ”).

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Trump Media & Technology Group Corp. shareholders approved Extension Amendment Proposal to extend date to consummate initial business combination at the 2023-09-05 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2023-09-05

Exact text from the filing

On September 5, 2023, the Company held a special meeting of stockholders (the “ Meeting ”). At the Meeting, the Company’s stockholders approved the Extension Amendment extending, upon the approval by the Corporation’s board of directors, the date by which the Company has to consummate an initial business combination up to four times, each by an additional three months, for an aggregate of 12 additional months (i.e. from September 8, 2023 up to September 8, 2024) 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 26,913,969 284,011 172,932 0

View on SEC.gov

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

Trump Media & Technology Group Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-229118

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