From the release: "The Extension is the second of two four-month extensions permitted under the Company's governing documents."
u/Amaroq64 Please provide sauce that supports the post heading that states: "This is their last extension before the Federal Government can force them to dissolve."
Q: Which branch of the "Federal Government?" (FTC, IRS, Congress, Supreme Court, Crackhead Hunter's Dad?
I'm just running on the assumption that SPACs have to find a company to merge with, or the SPAC dissolves. The merger having a deadline that they have to follow through by suggests that too.
The SEC is investigating DWAC, with their reasoning being that Trump and DWAC may have colluded from the beginning for TMTG to be who DWAC merges with, and not DWAC organically searching for a merger. While investigating, the SEC is just refusing to let them go through with their merger.
Since they hate Trump and those who support him, it only seems logical that they're stonewalling the merger until time runs out.