{"id":2022694,"date":"2023-09-05T19:58:02","date_gmt":"2023-09-05T23:58:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-media-company-set-to-save-300-million-after-investors-approve-tuesday-extension\/"},"modified":"2023-09-05T19:59:17","modified_gmt":"2023-09-05T23:59:17","slug":"trump-media-company-set-to-save-300-million-after-investors-approve-tuesday-extension","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-media-company-set-to-save-300-million-after-investors-approve-tuesday-extension\/","title":{"rendered":"Investors approve extension, Trump media company saves $300 million."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-media-company-set-to-save-300-million-after-investors-approve-tuesday-extension%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2022694&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>A Merger with Donald Trump&#8217;s Media Startup Receives Extension, Saving $300 Million<\/h2>\n<p>A merger involving Donald Trump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/taxpayer-dollars-flowed-to-media-company-now-under-fbi-investigation\/\" title=\"Taxpayer Dollars Flowed to Media Company Now Under FBI Investigation\">media startup<\/a> has received more time \u200dto go public after investors granted executives an extension\u2063 that could save the former president&#8217;s company $300 million.<\/p>\n<p><strong>Digital World Acquisition Corp.<\/strong> \u200bwill \u200chave until September \u20642024 to complete its merger \u2062with <strong>Trump \u2062Media &#038; \u2064Technology Group<\/strong>, the former president&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/big-tech-under-more-fire-for-removing-president-trumps-accounts\/\" title=\"Big Tech under more fire for removing President Trump\u2019s accounts\">social media company<\/a>, and list the combined firm on Nasdaq. This is \u200cthe merger&#8217;s second yearlong extension.<\/p>\n<h3>Over\u200c 65% of Shareholders Approve\u200c Extension<\/h3>\n<p>Over 65% of the venture&#8217;s shareholders signed off on the extension. If it had not been granted by Friday, Digital World and its deal would have\u200b effectively\u2063 died. In that \u200ccase, Digital World would have been required to return $300 million to\u2063 shareholders, the amount that would be injected into the combined firm, according to multiple\u2063 reports.<\/p>\n<p>\u201cThank you for all of the outstanding \u200bsupport,\u201d Digital World CEO Eric Swider posted on Truth Social after the \u200bvote was announced Tuesday. \u201cPlease \u200cunderstand my silence. We remain focused\u2064 on the task at hand and are\u2064 watching every word we say.\u201d<\/p>\n<p>Trump Media operates\u2063 Truth Social, the former president&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/by-exposing-hamilton-68-the-twitter-files-proved-the-deep-state-is-a-weapon-aimed-directly-at-you\/\" title=\"By Exposing Hamilton 68, The \u2018Twitter Files\u2019 Proved The Deep State Is A Weapon Aimed Directly At You\">preferred social media platform<\/a> after he was banned from Twitter, now renamed X, following the Jan. 6 Capitol riot. Trump was reinstated last year\u2064 but has only posted once, circulating \u2062a photo of his mug shot on Aug. 24.<\/p>\n<p>Digital World and Trump Media&#8217;s plan\u2062 to merge was unveiled in October 2021. The former settled charges with the Securities and Exchange Commission, which \u200balleged that the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/guess-whos-back-far-left-facebook-whistleblower-frances-haugen-files-sec-complaint-against-company\/\" title=\"Guess Who's Back: Far Left Facebook 'Whistleblower' Frances Haugen Files SEC Complaint Against Company\">company misled investors<\/a> about\u2064 its negotiations with Trump Media.<\/p>\n<p>The two groups have affirmed their commitment to merging, recently rolling out a series of changes to the combined firm&#8217;s structure. One of the changes includes cementing Trump&#8217;s control by giving him 55% of the voting\u2063 power in the stock.<\/p>\n<p>Now, \u200cDigital World must <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-media-company-set-to-save-300-million-after-investors-approve-tuesday-extension\/\" title=\"Investors approve extension, Trump media company saves 0 million.\">file amended \u200dregulatory filings<\/a> before Oct. 9 \u2014 if it does not, Trump Media can walk away from the merger.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A merger involving Donald Trump&#8217;s media startup gets extended, giving more time to go public. Investors grant executives an extension, potentially saving the former president&#8217;s company $300 million. Digital World Acquisition Corp. now has until September 2024 to finalize its merger with Trump Media &amp; Technology Group, the ex-president&#8217;s social media company.<\/p>\n","protected":false},"author":1,"featured_media":2022695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2022694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2022694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2022694"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2022694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2022695"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2022694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2022694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2022694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}