The special-purpose acquisition company trying to take public former President Donald Trump’s social-media platform pushed back the deadline for its shareholders to vote on giving the company more time to close its deal
Private companies are flooding to special-purpose acquisition companies, or SPACs, to bypass the traditional IPO process and gain a public listing. WSJ explains why some critics say investing in these so-called blank-check companies isn’t worth the risk. Illustration: Zoë Soriano/WSJthat is trying to take public former President Donald Trump’s social-media platform pushed back the deadline for its shareholders to vote on giving the company more time to close its deal.
The SPAC, Digital World Acquisition Corp. , on Monday pushed the deadline to Nov. 3 on the vote to extend the deadline to merge with Trump Media & Technology Group. The entity had needed approval of shareholders representing 65% of shares by Monday for a one-year extension. Patrick Orlando, Digital World Acquisition chief executive, said the latest delay is meant “to accommodate the sheer number of voters that have not yet been able to cast their vote.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco to maintain full oil supplies to Asia in Nov despite OPEC+ cutsSaudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season, several sources with knowledge of the matter said on Monday.
Read more »
San Francisco Opens 34 Official Ballot Drop Boxes for Nov. 8 ElectionSan Francisco has opened 34 official ballot drop boxes for the Nov. 8 election in various locations across the city.
Read more »
Deadline Tuesday to Register to Vote in Nov. 8 Midterm ElectionTexans who have not registered to vote only have until Tuesday, Oct.11, 2022, to sign up to fill out an eligible ballot in November.
Read more »
Bullet-proof glass, guards: U.S. election offices tighten security for Nov. 8 midtermsSpurred by intimidation from people upset over Donald Trump's 2020 election defeat, some election officials are fortifying their operations ahead of another divisive election. Until recently, such threats were seen as hypothetical.
Read more »
Don’t follow the yellow brick road on Nov. 8 | PennLive lettersVote John Fetterman for U.S. Senate on Nov. 8.
Read more »