Shares of the special-purpose acquisition company taking Donald Trump’s social media startup public fell as much as 20% early Tuesday, triggered by uncertainty about whether investors will vote to give both sides more time to finish the deal.
Shareholders are voting this week on an extension of up to a year, which would allow the companies additional time to address government investigations into the deal and make other necessary disclosures. But Reuters reported that the SPAC doesn’t expect to get that support, sending the stock down.
