Digital World Acquisition Corp DWAC shares are trading higher in Monday's after-hours session after the company announced a filing of Amendment No. 1 to its Form S-4 Registration Statement.
What To Know: Digital World said the filing includes a preliminary proxy statement and a prospectus concerning its proposed business combination with former President Donald Trump's Trump Media & Technology Group, which is behind the Truth Social app.
Although the registration statement has not yet become effective, it provides important information and marks a significant step in the business combination process, the company said.
"This filing of the Registration Statement together with the Quarterly Reports on Form10-Q we filed earlier today for the first and second quarter of 2023, represent a crucial milestone in our journey towards the potential merger with TMTG," stated Eric Swider, CEO of Digital World.
"This development highlights our ongoing efforts to provide clear and detailed information throughout this process."
Trump Media & Technology Group CEO Devin Nunes added, "We believe that today marks a monumental milestone toward completing the Business Combination, and we look forward to working with the SEC to bring this deal to a close as quickly as possible."
DWAC Price Action: Digital World shares were up 5.34% after hours at $15.99 at the time of publication, according to Benzinga Pro.
Photo: Gage Skidmore from Flickr.
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