Digital World Acquisition Corp. Announced Today That The Special Meeting Of Stockholders, Which Was Originally Scheduled For August 17, 2023, Is Being Postponed To 10:00 a.m. Eastern Time On September 5, 2023.
Portfolio Pulse from Happy Mohamed
Digital World Acquisition Corp. (DWAC) has postponed its special meeting of stockholders from August 17, 2023, to September 5, 2023. The meeting is to consider an amendment that would extend the time for the company to complete a business combination, cease operations if it fails to do so, and redeem or repurchase 100% of the company's Class A common stock up to four times, each by an additional three months, for a total of 12 additional months.
August 17, 2023 | 1:20 pm
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The postponement of the special meeting could lead to uncertainty among investors, potentially impacting DWAC's stock price in the short term.
The postponement of the special meeting, which is to consider a significant amendment, could lead to uncertainty among investors. This uncertainty could potentially impact DWAC's stock price in the short term, as investors may be unsure about the company's future plans and direction.
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IMPORTANCE 75
RELEVANCE 100