Crucial Vote Looms for Trump Media's Proposed Merger with Digital World

The merger between former President Donald Trump's media start-up, Trump Media & Technology Group, and Digital World Acquisition, the company behind the pro-Trump social network Truth Social, is facing a critical funding deadline. Digital World, a special purpose acquisition company (SPAC), needs shareholder approval to extend the deadline for the merger to close. If the vote fails, Digital World will be required to liquidate and return $300 million to its shareholders, leaving Trump's company with nothing. The merger has been plagued by issues, including allegations of rule violations, executive terminations, insider trading charges, and misleading investors. The future of the merger remains uncertain as the deadline approaches.