Buyer of Trump’s Truth Social Gets More Time to Complete Merger

Shareholders of a cash-rich shell company approved a measure on Tuesday that will give the firm 12 additional months to complete its long-delayed merger with former President Donald J. Trump’s social media company.

The shareholder vote increases the likelihood that Trump Media & Technology Group will get access to at least $300 million in badly needed cash to operate Truth Social — a right-leaning social media platform.

Truth Social has emerged as Mr. Trump’s primary megaphone for railing against his political opponents, as well as the federal and state prosecutors who have brought…