Trump's Truth Social gets a lifeline after deadline for a big cash infusion is extended

[Collection]Donald Trump's Truth Social, a social media platform, received an extension on its merger deadline with Digital World Acquisition Corp., a special-purpose acquisition company. Shareholders voted to push the deadline to September 8, 2024, giving Truth Social more time to secure funding. The merger would release $290 million from Digital World and an additional $1 billion from private investors. However, the deal has faced challenges, including a settlement with the Securities and Exchange Commission on fraud charges and a federal criminal probe. Shares of Digital World fell in early trading following the news.