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Investors have been waiting a long time for the anticipated merger of Digital World Acquisition Corp (DWAC) and Trump Media & Technology Group (TMTG), and it looks as if it may finally be on the horizon.
According to a press release from DWAC, the U.S. Securities and Exchange Commission (SEC) at last declared the Registration on Form S-4 “effective,” which signified an important marker for the “proposed business combination.”
DWAC noted that they expected to announce the date of a meeting with stockholders soon, where they would take a vote on “the approval and adoption of the Business Combination.”
TMTG is the parent company for President Donald Trump’s social media platform Truth Social, which launched in early 2022 as a free-speech alternative to Big Tech sites like Twitter or Facebook.
“Truth Social was created to serve as a safe harbor for free expression and to give people their voices back. Moving forward, we aim to accelerate our work to build a free speech highway outside the stifling stranglehold of Big Tech,” stated TMTG CEO Devin Nunes.
DWAC COO Eric Swider further issued his own statement on the upcoming merger, noting, “This achievement marks a significant milestone for us. Our sincere thanks go to our shareholders for their unwavering support. We are excited to soon share the news of the Business Combination’s approval process with them.”
RSBN previously reported that DWAC stock had skyrocketed in January amid President Donald Trump’s dominant position in the 2024 GOP primary race. The stock leapt by nearly 200 percent in anticipation of Trump’s prospective nomination victory.
DWAC’s press release noted the following:
“DWAC has filed with the SEC a registration statement on Form S-4 (as may be amended from time to time, the ‘Registration Statement’), which has been declared effective and includes a preliminary proxy statement of the Company, and a prospectus in connection with the Business Combination.”
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