We KNOW Donald Trump ain’t gonna spend his OWN money to pay a bill due for it soon….
Is this part of the Donald Trump Drip …Drip of things going sideways?
Go back and look at the LONG list of Trump business failures…..
All they needed was for the merger to close — a process that Digital World, in a July 2021 preliminary prospectus, estimated would happen within 12 to 18 months.
“Everyone asks me why doesn’t someone stand up to Big Tech? Well, we will be soon!” Trump said in a Trump Media statement that month.
Now, almost two years later, the deal faces what could be a catastrophic threat. With the merger stalled for months, Digital World is fast approaching a Sept. 8 deadline for the merger to close and has scheduled a shareholder meeting for Tuesday in hopes of getting enough votes to extend the deadline another year.
If the vote fails, Digital World will be required by law to liquidate and return $300 million to its shareholders, leaving Trump’s company with nothing from the transaction….
Note….
Is Elton Musk standing on the sidelines licking his lips for his Twitter possible Trump comeback?
image…PGurus
jamesb says
Update…..
Truth Social Merger Avoids Collapse
“Shareholders in Digital World Acquisition, the investment partner of former president Donald Trump’s media start-up, voted to approve an extension of the company’s merger deadline and give it more time to complete the deal,” the Washington Post reports.
“The extension will give the special purpose acquisition company, or SPAC, another year to finalize its long-stalled merger with the parent company of the pro-Trump social network Truth Social.”