Trump Media Merger Faces Uncertain Future Amid SEC Penalty, Shareholder Concerns

Shell company seeking to merge with Trump's social media firm postpones shareholder meeting to extend merger deadline.
Shareholders given until September 5th to approve extension to complete the $300 million deal.
Shell company faces potential liquidation if merger not completed after agreeing to pay an $18 million SEC penalty.
Completed merger would provide a cash infusion for Trump Media and give Trump majority voting power.
Uncertainty remains whether shareholders will approve the extension amid the pending SEC penalty.