Digital World Acquisition Corp DWAC shares are trading higher in Wednesday's after-hours session after the company amended its merger agreement and extended the outside date to Dec. 31, 2023.
What Happened: Digital World, a SPAC set to merge with the former president Donald Trump's Trump Media & Technology Group, has amended its merger agreement and extended the outside date to the end of the year.
In a new regulatory filing, the company said it entered into the Second Amendment to agreement and plan of merger on Wednesday. Under terms of the Second Amendment, the parties agreed to create a new class of common stock called "High Vote Common Stock."
Trump Media & Technology Group is behind the Truth Social app.
See Also: Trump Slammed For Expressing Desire To Reside Outside US: 'He Hates America'
DWAC Price Action: Digital World shares were up 4.82% after hours at $15.67 at the time of publication, according to Benzinga Pro
Photo: Matt Johnson from Flickr.
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