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The
shell company, Digital World Acquisition Corp, earlier this
month failed to secure enough shareholder support for a one-year
extension to complete the deal.
The deadline has been pushed back to Oct. 10 in an effort to get
more shareholders to vote.
"@realDonaldTrump @DevinNunes let's get the vote awareness up,"
Orlando wrote on a Truth Social post with attached information
about the shareholder vote.
TMTG and Digital World did not immediately respond to requests
for comment.
Digital World, a special purpose acquisition company, in October
last year agreed to take Trump Media & Technology Group (TMTG)
public. TMTG operates the Truth Social app co-founded by the
former U.S. president after he was banned from Twitter.
The transaction has been on ice amid civil and criminal probes
into the circumstances around the deal. Digital World had been
hoping that the U.S. Securities and Exchange Commission, which
is reviewing its disclosures on the deal, would have given its
blessing by now.
The company is also facing an uphill task as individual
investors, which comprise about 90% of its shareholder base, are
not as accustomed to voting their shares.
(Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj
Kalluvila)
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