M&A
confidence high
sentiment neutral
materiality 0.55
DWAC and TMTG amend merger agreement, extend due diligence and filing deadlines
Trump Media & Technology Group Corp.
- Third Amendment signed Sept 29, 2023; DWAC must file amended S-4 by Nov 14, 2023.
- Mutual termination rights for either party from Oct 31 to Nov 21, 2023 if board no longer believes merger in best interest.
- TMTG may terminate if DWAC fails to file S-4 amendment by Nov 14, 2023; TMTG termination right expires Nov 21.
- Target Filing Date redefined as Oct 31, 2023; Section 8.1(j) of Merger Agreement deleted.
- Press release reaffirms DWAC and TMTG commitment to complete business combination in coming months.