Trump SPAC Digital World says it expects to complete merger 'as soon as first quarter of 2024'

Shares of Digital World Acquisition Corp. (DWAC), the blank-check company that wants to merge with former President Donald Trump's media venture, rose after hours on Friday after the company said in a regulatory filing that it expects to complete that deal "as soon as the first quarter of 2024." Digital World offered up those expectations after filing an amendment to its registration statement, which it said "includes a preliminary proxy statement of the company, and a prospectus in connection with the proposed business combination" with Trump Media & Technology Group, the company that runs Trump's social-media platform Truth Social. "With this filing, we are closing in on the final steps before our merger becomes effective and goes to the shareholders for a vote," Trump Media Chief Executive Devin Nunes said in a statement. Digital World shares were up 4.7% after the bell.

-Bill Peters

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12-22-23 1831ET

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