Trump Media Merger Granted Another Extension After Facing Investigations and Controversies

Shareholders approved a one-year extension for the troubled merger between Digital World Acquisition Corp. and Trump Media & Technology Group, the parent of Truth Social.
The extension provides more time to complete regulatory filings and close the deal after facing investigations, fraud charges, and other delays.
Digital World shareholders voted to extend the deadline to avoid liquidation and allow the release of committed funds to Trump Media.
The merger has faced scrutiny from federal regulators over potential securities laws violations and insider trading allegations.
If completed, the merger would give Trump's media company access to over $1 billion from investors to support Truth Social.