Foamstars will be available for all PS Plus Essential members later today, but the online foam game won't be rewarding you with a Platinum Trophy once you've earned 100 per cent completion. Just like the upcoming Tomb Raider I-III PS5, PS4 remasters, Foamstars has chosen not to bother with the top gong in Sony's Trophy system. This is not a case of issues with bundled collections preventing additional Platinum Trophies, however. The developer just… isn't bothering.
Digital World (DWAC) Moves Another Material Step Closer To Merging With Trump Media and Technology Group
24.01.2024 - 02:57 / wccftech.com / Trump / Rohail Saleem
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Digital World (NASDAQ: DWAC), the Special Purpose Acquisition Company (SPAC) that is slated to take Truth Social's parent entity - Trump Media and Technology Group (TMTG) - public via a reverse merger, has given a potent signal today that the much-delayed business combination deal remains on track, lending its beleaguered shareholders a new lease on life.
Digital World filed its first amendment to the Form S-4 back in November 2023. The amendment added a preliminary proxy statement and a prospectus to the Form S-4, indicating that the SPAC appeared to be moving ahead with its planned merger with Trump Media and Technology Group after concluding an internal round of due diligence as to the merger's viability. At the time, TMTG's CEO, Devin Nunes, had termed this development "a monumental milestone toward completing the business combination."
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Today, Digital World has filed a third amendment to its Form S-4, lending credence to the thesis that posits the much-delayed merger process continues to move ahead. Do note that companies often file multiple amendments before their Form S-4 filings become effective. Each amendment moves the proverbial needle a significant step forward.
In December 2023, Digital World's board of directors extended the deadline for consummating the merger with Trump Media and Technology Group by another three months. Bear in mind that the board can enforce such a delay up to a total of four times, with each extension granting a 3-month reprieve. Going forward, Digital World will only be able to exercise this right a further two additional times before the SPAC faces certain dissolution.
We reported last week that Digital World officially lost every cent of the $1 billion in PIPE investments. These investments were supposed to bolster Truth Social's finances in the post-merger phase. The SPAC continues to retain access to around $293 million in proceeds that it raised as part of its IPO. Former President Trump is slated to exercise a 55 percent control over the merged entity.
Digital World faces a number of federal investigations related to inappropriate disclosures of the events leading up to the finalization of its merger agreement with Trump Media and Technology Group. These investigations have played an important role in holding up the SPAC's business combination deal.
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wccftech.com
12.02.2024 / 15:35
Digital World (DWAC) Promises Trump Media and Technology Group (TMTG) Juicy Bonuses and Earnout Shares To Stick With the Merger Agreement
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
tech.hindustantimes.com
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wccftech.com
10.02.2024 / 04:09
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My dream of having a full Lego D&D setup is one step closer thanks to this new set
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Earth Defense Force 6 for PS5, PS4 launches March 14 in Asia with English audio and text
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blog.playstation.com
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Gran Turismo 7 Update 1.42 arrives today with new cars and Café Menus
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