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Posted On: 09/09/2022 7:45:41 AM
Post# of 27274
DWAC Stock: What Will Happen If Shareholders Vote Against an Extension?
Ex-president Donald Trump's SPAC deal isn't going as planned. What will happen if DWAC shareholders don't vote for a merger extension?
BERNARD ZAMBONINSEP 8, 2022 6:57 AM EDT
Shareholders will vote on Thursday to extend the merger of DWAC with TMTG.
If 65% of shareholders don't vote for the extension, DWAC could be forced to liquidate.
In the event of liquidation, IPO investors would receive their invested capital back.
Ex-president Donald Trump's SPAC deal isn't going as planned. What will happen if DWAC shareholders don't vote for a merger extension?
BERNARD ZAMBONINSEP 8, 2022 6:57 AM EDT
Shareholders will vote on Thursday to extend the merger of DWAC with TMTG.
If 65% of shareholders don't vote for the extension, DWAC could be forced to liquidate.
In the event of liquidation, IPO investors would receive their invested capital back.
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