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Truth Social SPAC deal partner fails to pay proxy firm: FT
short by Aishwarya Awasthi / on Sunday, 18 September, 2022
The executives of Digital World Acquisition, the blank-check acquisition firm that agreed to merge with Truth Social, have failed to pay their proxy solicitors, the Financial Times reported. It has not paid Saratoga Proxy Consulting for its work helping rally shareholders. The SPAC has been trying to secure enough shareholder support for a one-year extension to complete the deal.
read more at Reuters