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Trump-tied DWAC wins support in delaying Truth Social deal

Yahoo Finance Video

Yahoo Finance Live anchor Seana Smith reports on the latest news surrounding Digital World Acquisition Corp.

Video transcript

SEANA SMITH: Shares of Digital World Acquisition trading to the upside, up just about 5%. The move coming after shareholders voted to give the blank check acquisition company more time to complete a deal to take the parent company of former president Trump's Truth Social public. Now Digital World now has until September 2023 to complete the deal. The vote was delayed several times as leadership has struggled to gain the 65% support that's needed to approve the extension.