DWAC Tumbled Over 17% in Morning Trading After Failing to Get Backing for SPAC Extension

Tiger Newspress2022-09-06

DWAC tumbled over 17% in morning trading after failing to get backing for SPAC extension.

The blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday.

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