- Trump SPAC Digital World Acquisition ( NASDAQ: DWAC ) plunged 23% in premarket trading after a report that it failed to win approval for an extension to complete its deal with Trump's social media company and app Truth Social.
- Digital World ( DWAC ) executives don't believe they have secured enough votes to secure a one year extension to complete the deal, according to a Reuters report, which cited people familiar.
- The outcome of the vote is scheduled to be announced later Tuesday at a meeting of DWAC holders.
- Developing story ...
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Trump SPAC Digital World tumbles 23% on report of failed extension for deal