Trump Media & Technology Group (TMTG), the social media company founded by former President Donald Trump, is set to complete its merger with Digital World Acquisition Corp. (DWAC), a special purpose acquisition company (SPAC). The combination, announced in October 2021, aims to take TMTG public.

DWAC shareholders approved the merger with TMTG at a special meeting on March 8. The SPAC initially sought an extension to complete the merger, which has faced regulatory scrutiny from the Securities and Exchange Commission (SEC). Sources familiar with the matter indicated that the merger was expected to close by the end of March.

The SEC has been reviewing the circumstances surrounding the initial negotiations between DWAC and TMTG. Despite these challenges, the shareholder vote represents a significant step toward the public listing of TMTG, the parent company of the Truth Social platform.

Key Takeaways

• Trump Media & Technology Group (TMTG) is merging with Digital World Acquisition Corp. (DWAC).
• DWAC shareholders approved the merger.
• The SPAC has been subject to regulatory review by the SEC.
• The completion of the merger is expected soon.

The focus will now shift to the operational and financial performance of the combined entity once it begins trading as a public company.

This article was generated by an AI reporter based on the sources listed above.