Trump-Tied SPAC Climbs as Merger Partners Extend Pact Timing (1)

The blank-check firm struggling to take Donald Trump’s social media company public rallied in premarket trading after the two companies reached an agreement that pushes back one impediment to the deal reaching completion. Others still loom.

The SPAC, Digital World Acquisition Corp.,and Trump Media & Technology Group said they extended the deadline for their dual commitment to the merger — known as the outside date — until Dec. 31, according to a filing Wednesday.

That could give the parties almost four extra months to solidify the pact after Trump Media had previously signaled it didn’t believe it was bound ...