Trump Media SPAC Extends Merger Deadline, Paying virtually $three Million for three Months

The particular-aim acquisition agency making an try to take Trump Media & expertise Group public will pay virtually $three million to get three extra months to full the deal, tightening an already slim path for the merger.

Shares of Digital World Acquisition added 2.eight% to $24 a share Friday after it confirmed late Thursday that it did not get investor approval for a one-yr extension of its merger deadline. The inventory swung between $20 and $25 most of this week.