Trump Media SPAC Avoids Legal Roadblock on Way to Merger Vote

The blank-check firm working to take Trump Media & Technology Group public scored a win after a court declined to expedite a lawsuit, opening the door to investor approval of the transaction.

Digital World Acquisition Corp., which is scheduled to host an investor vote to approve the Trump Media merger on March 22, said a Delaware judge denied a request from Patrick Orlando’s ARC Global Investments II that threatened to delay the deal’s completion.

Shares rose about 3% on Thursday after sliding 14% the previous day even after former President Donald Trump swept the Super Tuesday primaries.

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