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Benzinga
Benzinga
Business
Shanthi Rexaline

Trump-Linked SPAC's Investors Clamor For Better Deal As Time Runs Out: What It Means For DWAC And Truth Social

Digital World Acquisition Corporation (NASDAQ:DWAC), the SPAC that is set to merge with Donald Trump's company that owns the Truth Social platform, is reportedly facing pressure from investors amid its failure to complete the deal.

What Happened: Investors who have committed about $1 billion in private investment in public equity, or PIPE, financing to Digital World are seeking better terms, the Financial Times reported.

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