Digital World Acquisition Corp. (NASDAQ: DWAC) issued an urgent plea to its stockholders, requesting an immediate vote FOR the “proposal to amend the Company’s amended and restated certificate of incorporation as further amended on November 22, 2022,” according to the press release published on Yahoo Finance.
A Gateway Pundit reader reached out to our tip line, stating, “Those of us who support Donald Trump invested in DWAC (Digital World Acquisition Company) to provide the seed money for a merger with TMTG (TRUMP MEDIA & TECHNOLOGY GROUP) to counter Twitter, Facebook, Google, YouTube, and Hollywood. WE NEED HELP getting out the information that a PROXY vote to extend the timeframe for the merger is underway, and the deadline is September 5th.”
“International shareholders need to call 1-352-623-6114 to cast their vote FOR the extension. There are two proxy vote items. Vote FOR both of these items,” she added.
The Proposal at Stake
The proposal aims to extend the time for the Company to:
- Consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination involving the Company and one or more businesses.
- Cease its operations if it fails to complete such business combination.
- Redeem or repurchase 100% of the Company’s Class A common stock, up to four times, each by an additional three months, for an aggregate of 12 additional months. The extension is planned from September 8, 2023, up to September 8, 2024, or at an earlier date if determined by the Board (the “Extension”).
A Call for Action
Eric Swider, Chief Executive Officer of the Company, expressed concern, saying, “Although so many of our stockholders have already voted for the Extension, today’s vote count shows that we still have a ways to go to pass the amendment and extend the life of the Company.” He emphasized the importance of this extension for the successful merger with Trump Media and Technology Group Corp. (TMTG).
Swider added that this vote was more than just business; it was a “vote for freedom of speech and a vote for innovation and growth.” He urged stockholders, no matter the number of shares they held, to take the time to vote, emphasizing that every vote was critical for the progression of the proposed merger with TMTG.
“While we currently fall short of the necessary votes to extend the liquidation date, we urge our stakeholders to come together and support this extension. We believe in the value and prospects we bring to the table and to a true democracy in the United States, and with the continued support of our shareholders, we can navigate this challenge successfully and potentially complete the proposed business combination with Trump Media and Technology Group Corp. (“TMTG”), which we know so many of our stockholders believe in. If more of our stockholders do not promptly vote for the Extension, we will be forced to liquidate on September 8, 2023,” Swider added.
“Every single share voting for the Extension is critical to help us progress our proposed merger with TMTG. Whether you have one share or 1,000 shares we please ask you take a few moments to vote,” said Swider.
Consequences of Failing to Approve the Extension
If the Extension is not approved, and the Company does not consummate an initial business combination by September 8, 2023, it will cease all operations except for winding up. The shares of Class A common stock will be redeemed, and the Company will dissolve and liquidate in accordance with applicable law.
Special Meeting for Consideration
The special meeting of stockholders to consider the Extension will be held at 10:00 a.m. Eastern Time on September 5, 2023. Assistance is available for those who have questions or need help, through Alliance Advisors at 877-728-4996.
Read more here.
🚨#DWAC Proxy Voting Instructions 🚨
1. Call Alliance Advisors to vote directly at 1-877-728-4996.
☎️ 1-352-623-6114 for International Voters ☎️
2. Vote through your broker when a voting link is offered by them.
3. Call your broker to get your control number(s). Then go to… pic.twitter.com/z4zR6DjSYM
— George Balloutine™ (@GBalloutine) August 21, 2023