Digital World Acquisition Corp. hasn't paid the necessary fees to keep its position on Nasdaq, according to an SEC filing.
Wednesday. Because the company has defaulted on its payments, Nasdaq notified DWAC it would be delisted without an appeal. Today’s filing confirms that the shell corp is going through with that appeal process.
“The Company has elected to file an appeal of this matter, pay the corresponding fee, and plans to pay any fees The Hearing Department determines are due,” the SEC document says.The threat of delisting is just the latest problem to plague the Trump-associated “blank check company” on its mission to merge with and raise money for Truth Social.
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