The special-purpose acquisition company trying to take Trump Media & Technology Group public will pay nearly $3 million to get three more months to complete the deal, tightening an already narrow path for the merger.
Shares of Digital World Acquisition fell 0.3% to $23.39 a share in Friday afternoon trading after it confirmed late Thursday that it failed to get investor approval for a one-year extension of its merger deadline. The stock has swung between $20 and $25 most of this week.
