Trump Media's funding partner gets reprieve only days before possible liquidation
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A long-delayed merger between former President Donald Trump's media company and a so-called blank-check company has received a reprieve just days before the latter company faced liquidation, according to reports. Shareholders in Digital World Acquisition Corp. (DWAC) approved a one-year extension of the merger deadline between the two companies, according to the New York Times and Washington Post. Without that extension, DWAC would have faced liquidation on September 8. DWAC, a special purpose acquisition company, or SPAC, and Trump Media & Technology Group, which operates Trump's social media platform, Truth Social , didn't return requests for comment from CBS News. DWAC shares, which traded for $175 in 2021 shortly after the company's initial public offering, rose 3.9% in afternoon trading to $17.16. "Thank you for all the outstanding support," wrote DWAC CEO Eric Swider in a Truth Social post on Tuesda