Home » World News » Trump's social media platform Truth Social, buyer need extension to complete merger
Trump's social media platform Truth Social, buyer need extension to complete merger
Fox Business Flash top headlines for August 5
Check out what’s clicking on FoxBusiness.com.
Former President Donald Trump's social media platform Truth Social and blank-check company Digital World Acquisition Corp. could not reach a merger deal by the cut-off date and will require an extension.
Digital World, the company taking the social media platform public, announced Friday a special shareholder meeting to approve an extension to the termination date to complete the merger.
"While we are using our best efforts to complete the Business Combination as soon as practicable, our board of directors believes that there will not be sufficient time before the Termination Date to complete the Business Combination," Digital World said in an SEC filing.
TOP TRUMP WHITE HOUSE ECONOMIST SLAMS BIDEN ADMINISTRATION'S ‘RECESSION’ SPIN