Will Donald Trump formally cancel his deal with Truth Social by the end of 2023?
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I believe DWAC has until September 27th 2023 to bring Truth Social public or risk liquidation based on regulations.
SPACs have a specific time frame in which they need to merge with another company and close a deal. This time frame is usually 18 to 24 months. If a SPAC cannot merge during the allotted time, then it liquidates and all funds are returned to investors.
I think if DWAC and Truth can not do a deal by September, than Trump goes back to Twitter around September/October, maybe sooner. I doubt he joins Threads and probably doesn't have an account on BlueSky.
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