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Electronic Environment Acquisition Corp. Announces Board’s Choice to Prolong the Deadline to Finish First Enterprise Combination

MIAMI, FL / ACCESSWIRE / September 7, 2023 / Digital Environment Acquisition Corp. (NASDAQ:DWAC) (“Digital Earth” or the “Enterprise“) declared currently that the Company’s Board of Administrators (the “Board“) extended the date by which the Organization has to total its initial small business combination from September 8, 2023 to December 8, 2023 (the “Extension“). The Extension is the to start with of four three-month extensions permitted beneath the Company’s Amended and Restated Certificate of Incorporation, as amended, and gives the Organization with additional time to total its original business mix as established by the Board.

About Digital Planet Acquisition Corp.
Digital World Acquisition Corp. (NASDAQ:DWAC) is a particular function acquisition company shaped for the purpose of effecting a merger, money stock trade, asset acquisition, inventory order, reorganization or equivalent business enterprise mix with just one or additional businesses. To study more, check out

About TMTG
Trump Media & Technology Team Corp. (“TMTG“) is a social media and engineering organization. The mission of TMTG is to close Huge Tech’s assault on no cost speech by opening up the Web and supplying people their voices again. TMTG operates Truth Social, a social media system set up as a secure harbor for free expression amid significantly severe censorship by Major Tech businesses. To discover more, go to

Further Information and facts and In which to Discover It
DWAC has filed with the SEC a registration assertion on Kind S-4 (as may well be amended from time to time, the “Registration Assertion“), which incorporates a preliminary proxy statement of the Enterprise, and a prospectus in relationship with a proposed enterprise mixture (the “Business enterprise Combination“) with TMTG. The definitive proxy assertion and other applicable documents will be mailed to stockholders of DWAC as of a file date to be recognized for voting on the Company Mixture. Securityholders of DWAC and other interested people are recommended to browse the preliminary proxy statement/prospectus, and amendments thereto, and, when accessible, the definitive proxy assertion/prospectus in link with DWAC’s solicitation of proxies for the particular meeting to be held to approve the Company Blend for the reason that these paperwork will have crucial information and facts about DWAC, TMTG and the Small business Blend. DWAC’s securityholders and other fascinated people will also be in a position to receive copies of the Registration Statement and the proxy statement/prospectus, without demand, after obtainable, on the SEC’s website at or by directing a request to: Digital World Acquisition Corp., 3109 Grand Ave, #450, Miami, FL 33133.

Contributors in Solicitation
DWAC and TMTG and certain of their respective administrators, government officers, other associates of management and workforce, underneath SEC guidelines, might be considered to be individuals in the solicitation of proxies from the securityholders of DWAC in favor of the approval of the proposed extension and the Business enterprise Blend. Securityholders of DWAC and other interested people could get hold of a lot more info relating to the names and pursuits of DWAC’s directors and officers in the Business Blend in DWAC’s filings with the SEC, which include in the definitive proxy statement and the Registration Statement, and the names and pursuits of TMTG’s directors and officers in the proposed Business enterprise Mixture in the Registration Statement. These paperwork can be received free of charge from the sources indicated earlier mentioned. TMTG and its officers and administrators who are participants in the solicitation do not have any passions in DWAC or the proposed extension other than with respect to their passions in the Small business Mix, to the extent the extension is effectuated.

Ahead-Hunting Statements
This press launch includes sure ahead-seeking statements in the meaning of the federal securities laws with regard to the proposed Company Mixture in between the Firm and TMTG. These ahead-searching statements typically are determined by the terms “consider,” “project,” “hope,” “anticipate,” “estimate,” “intend,” “tactic,” “foreseeable future,” “prospect,” “prepare,” “may well,” “really should,” “will,” “would,” “will be,” “will proceed,” “will likely final result” and comparable expressions, but the absence of these words and phrases does not suggest that a assertion is not ahead-looking. Forward-searching statements are predictions, projections and other statements about long term situations that are centered on current expectations and assumptions and, as a final result, are matter to pitfalls and uncertainties.

Quite a few variables could bring about genuine foreseeable future activities to vary materially from the forward-wanting statements in this push launch, including but not limited to: (i) the risk that the Company Mix and the securities invest in agreements (the “SPAs“) with selected institutional traders (the “PIPE Traders“) pursuant to which the PIPE Buyers agreed to invest in up to an mixture of 1,000,000 shares of Digital World’s Sequence A Convertible Favored Inventory (the “Chosen Stock“) for a order selling price of $1,000 for every share for an mixture commitment of up to $1,000,000,000 in a private placement (the “PIPE“) may not be completed in a timely way or at all, which may perhaps adversely have an effect on the rate of DWAC’s securities, (ii) the threat that the Enterprise Blend may well not be completed by DWAC’s Company Mixture deadline, (iii) the failure to fulfill the conditions to the consummation of the Small business Mix or the PIPE, which includes the approval of that sure Agreement and Approach of Merger, dated as of Oct 20, 2021 (as amended and supplemented from time to time, the “Merger Agreement“) by the stockholders of DWAC, (iv) the lack of a third-get together fairness view in figuring out irrespective of whether or not to pursue the proposed Business Mix, (v) the incidence of any party, change or other circumstance that could give increase to the termination of the Merger Agreement, (vi) the failure to reach the bare minimum amount of money obtainable adhering to any redemptions by DWAC stockholders, (vii) redemptions exceeding a highest threshold or the failure to satisfy The Nasdaq Stock Market’s original listing standards in connection with the consummation of the contemplated transactions, (viii) the effect of the announcement or pendency of the PIPE or the Organization Blend on TMTG’s enterprise relationships, operating outcomes, and enterprise commonly, (ix) pitfalls that the Business enterprise Mix disrupts current designs and operations of DWAC, (x) the consequence of any legal proceedings that may perhaps be instituted from TMTG or in opposition to DWAC similar to the Merger Settlement or the Business enterprise Blend, (xi) the risk of any investigations by the SEC or other regulatory authority relating to the PIPE, the Merger Arrangement or the Enterprise Combination and the effect they may have on consummating the transactions, (xii) Fact Social, TMTG’s initial merchandise, and its ability to deliver people and advertisers, (xiii) variations in domestic and international typical economic situations, (xiv) the possibility that TMTG could not be ready to execute its expansion procedures, (xv) threats associated to the upcoming pandemics and reaction and geopolitical developments, (xvi) hazard that TMTG may not be ready to acquire and preserve powerful inside controls, (xvii) costs linked to the Company Mix and the failure to notice predicted advantages of the Enterprise Mixture or to know approximated professional forma success and fundamental assumptions, which include with respect to approximated stockholder redemptions, (xviii) DWAC’s ability to well timed comply with Nasdaq’s guidelines and total the Business enterprise Combination, (xix) pitfalls that DWAC or TMTG could elect not to carry on with the Small business Mixture right after completing their respective up-to-date owing diligence investigations, (xx) the danger that DWAC could elect not to proceed with the Business Blend in the celebration the License Agreement Waiver (as described in the Merger Agreement) is not procured, and (xxi) all those components reviewed in the DWAC’s filings with the SEC and that that will be contained in the definitive extension proxy and the Registration Assertion relating to the Small business Blend. The foregoing listing of variables is not exhaustive. You really should carefully take into consideration the foregoing aspects and the other hazards and uncertainties that described in the “Danger Aspects” segment of DWAC’s Annual Report on Type 10-K for the calendar year ended December 31, 2022, as submitted with the SEC on April 26, 2023 (the “2022 Once-a-year Report“) and in other reports DWAC documents with the SEC, which includes the extension proxy assertion. Challenges about the Small business Mix are also talked about in the Current Reports on Type 8-K submitted with the SEC on October 21, 2021, October 26, 2021, Might 17, 2022 and September 23, 2022, and the proxy assertion/prospectus provided in the Type S-4 submitted with the SEC on May well 16, 2022, as it might be amended or supplemented from time to time. You ought to not area undue reliance on any ahead-looking statements, which are based mostly only on info at present readily available to DWAC (or to 3rd get-togethers producing the ahead-on the lookout statements).

These filings determine and address other critical risks and uncertainties that could lead to genuine activities and effects to differ materially from these contained in the forward-on the lookout statements. Forward-wanting statements talk only as of the date they are produced. Readers are cautioned not to set undue reliance on forward-searching statements, and though DWAC and TMTG may elect to update these ahead-seeking statements at some level in the long run, they presume no obligation to update or revise these ahead-wanting statements, whether as a outcome of new details, potential gatherings or if not. Neither DWAC nor TMTG provides any assurance that DWAC, TMTG, or the merged business, will achieve its expectations.

Speak to Data
Investor Relations:
Title: Alex Cano
Electronic mail: [email protected]

Supply: Electronic Environment Acquisition Corp.

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