The two-year saga involving Donald Trump’s proposed deal to take the social media platform to the public has just dragged on.
Shareholders voted to create a special purpose company that would attempt to take the former president’s media company public to complete the merger. Digital World Acquisitions Corp. previously faced a Friday deadline to complete the deal.
Digital World’s shares rose to about $17 after the news and remain more than 70% above where the SPAC started trading. The stock is at an intraday high of $175 since the deal was first announced nearly two years ago.
