Digital World Extends Deadline For Merger With Donald Trump's Media Company

 

Digital World Extends Deadline For Merger With Donald Trump's Media Company

Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Windham, New Hampshire, U.S., August 8, 2023. REUTERS/Reba Saldanha/File Photo Acquire Licensing Rights

Aug 9 (Reuters) - Digital World Acquisition (DWAC.O) and former U.S. President Donald Trump's media company on Wednesday extended the deadline for their merger by over three months to Dec. 31, as they work to close the deal that has been delayed by regulatory scrutiny.

The move comes weeks after blank-check firm DWAC settled fraud charges with the U.S. Securities regulator, clearing some of the uncertainty over its merger with Trump Media & Technology Group (TMTG) - the parent company of the Truth Social app.

Shares of the DWAC were 10% higher in extended trading.

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