Truth Social investment partner DWAC win extension for merger

Shareholders in Digital World Acquisition, the investment partner of former president Donald Trump’s media start-up, approved an extension of the company’s merger deadline, giving it more time to complete the deal, Digital World said Tuesday.

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.