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Digital World Acquisition (NASDAQ:DWAC), the blank-check company behind Donald Trump’s Truth Social network, dropped 7.3%, falling for the fourth day in a row as vote for an extension on its deal with Trump’s social media company nears next week.
The fall, which comes after a 6.5% drop on Friday, also follows a report from Thursday that one key vendor isn’t getting paid for service. RightForge said Truth Social stopped making contractually obligated payments for Web hosting services months ago, leading to payables of $1.6M, Fox Business reported.
DWAC shareholders are scheduled to vote next Tuesday on whether they want to extend the SPAC’s ability to do a transaction by another year to Sept. 8, 2023. The voting on the extension is scheduled to…
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