Digital World Acquisition Corp. Provides Important Information for Stockholders Ahead of September 6, 2022 Special Meeting
Digital World Acquisition Corp. (Nasdaq:DWAC) has announced that stockholders as of August 12, 2022 will have access to internet and telephone voting by August 30, 2022. The company urges stockholders to vote FOR the Extension Amendment, allowing an extension of time to complete a business combination by up to 12 additional months, until September 8, 2023. The virtual Special Meeting is scheduled for September 6, 2022, at 12:00 p.m. ET. The company stresses the importance of every vote, highlighting the potential need for extended time to finalize their business strategies.
- Extension Amendment allows up to 12 additional months to complete a business combination, giving the company more time to strategize.
- Encouraging stockholder participation through internet and telephone voting enhances engagement.
- The need for an extension may indicate challenges in completing a business combination within the initial timeline.
- Continued uncertainty regarding stockholder approval could impact investor confidence.
Expects All Stockholders as of August 12, 2022 (the "Record Date") to Have Access to Internet and Telephone Voting by Tuesday, August 30, 2022
Stockholders Should Vote by Internet or Telephone Since Time is Short
Urges All Stockholders to Promptly Vote FOR the Extension Amendment that Will Provide the Company Additional Time to Complete a Business Combination - EVERY VOTE COUNTS!
MIAMI, FL / ACCESSWIRE / August 26, 2022 / Digital World Acquisition Corp. (Nasdaq:DWAC) ("Digital World" or the "Company") today provided important information regarding the upcoming special meeting of stockholders (the "Special Meeting") to amend the Company's amended and restated certificate of incorporation (the "Extension Amendment") to extend the period of time for completing a business combination (the "Extension") up to four times, each by an additional three months, for an aggregate of 12 additional months (or until September 8, 2023) or such earlier date as determined by the Company's Board of Directors (the "Board"):
The Company expects internet and telephone voting will be available for all stockholders by Tuesday, August 30, 2022, and the Company encourages these forms of voting for efficiency and simplicity purposes.
VOTING INSTRUCTIONS - FOR SHARES HELD IN "STREET" NAME
- Stockholders who are set up for electronic delivery of proxy voting information will be receiving an email on or before Tuesday, August 30, 2022. Please be on the lookout for this email and follow the prompts to get to the voting website. (PLEASE REMEMBER TO CHECK YOUR SPAM FOLDER FOR THE EMAIL.) Stockholders may also vote by logging into their brokerage firm's website and going to the proxy voting tab.
- To vote by telephone, please call the Company's proxy solicitor, Saratoga Proxy Consulting LLC ("Saratoga Proxy"), at (888) 368-0379 or (212) 257-1311.
Please vote each and every voting form or proxy card you receive as you may own more than one account. If you have any questions or need further assistance, please call Saratoga Proxy at (888) 368-0379 or (212) 257-1311.
The Company urges all of its stockholders to vote FOR the Extension at the upcoming Special Meeting. Votes will be accepted up to and during the Special Meeting; however, the Company strongly encourages the prompt submission of votes.
As a reminder, the Special Meeting to approve the Extension Amendment will be held virtually at 12:00 p.m. Eastern Time on September 6, 2022. The Special Meeting can be attended by visiting https://www.cstproxy.com/dwacspac/ext2022.
If stockholders have any questions or need assistance, please contact Saratoga Proxy at (888) 368-0379 or by email at info@saratogaproxy.com.
About Digital World
Digital World (Nasdaq:DWAC) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Additional Information and Where to Find It
Digital World urges investors, stockholders and other interested persons to read the definitive proxy statement dated August 25, 2022 (the "Extension Proxy Statement"), as well as other documents filed by Digital World with the Securities and Exchange Commission (the "SEC"), because these documents contain important information about Digital World and the Extension. The Extension Proxy Statement has been mailed to stockholders of Digital World as of a record date of August 12, 2022, on or about August 25, 2022. Stockholders may obtain copies of the Extension Proxy Statement, without charge, at the SEC's website at www.sec.gov or by directing a request to: info@dwacspac.com.
Participants in Solicitation
Digital World and its directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies of Digital World stockholders in connection with the Extension. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Digital World's directors and officers in the Extension Proxy Statement, which may be obtained free of charge from the sources indicated above.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Extension and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Digital World, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Forward Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These forward-looking statements and factors that may cause such differences include, without limitation, uncertainties relating to Digital World's stockholder approval of the Extension, Digital World's inability to complete an initial business combination within the required time period, and other risks and uncertainties indicated from time to time in filings with the SEC, including Digital World's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 under the heading "Risk Factors," the Extension Proxy Statement under the heading "Risk Factors" and other documents Digital World has filed, or to be filed, with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Digital World expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Digital World's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
SOURCE: Digital World Acquisition Corp.
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FAQ
What is the purpose of the Extension Amendment for DWAC?
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