About Digital World
Digital World Acquisition Corp. (Nasdaq: DWAC) (“Digital World”) is
a special purpose acquisition company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses.
Additional Information and Where to Find It
Digital World urges investors, stockholders and other interested
persons to read the definitive proxy statement dated
August 25, 2022 (the “Extension Proxy Statement”), as well as
other documents filed by Digital World with the Securities and
Exchange Commission (the “SEC”), because these documents contain
important information about Digital World and the proposal to amend
Digital World’s amended and restated certificate of incorporation
to extend the period of time for completing a business combination
(the “Extension”) up to four times, each by an additional three
months, for an aggregate of 12 additional months (or until
September 8, 2023) or such earlier date as determined by
Digital World’s Board of Directors. The Extension Proxy Statement
has been mailed to stockholders of Digital World as of a record
date of August 12, 2022, on or about August 25, 2022.
Stockholders may obtain copies of the Extension Proxy Statement,
without charge, at the SEC’s website
at www.sec.gov or by directing a request
to: info@dwacspac.com.
Participants in Solicitation
Digital World and its directors, executive officers and other
members of their management and employees may be deemed to be
participants in the solicitation of proxies of Digital World
stockholders in connection with the Extension. Investors and
security holders may obtain more detailed information regarding the
names, affiliations and interests of Digital World’s directors and
officers in the Extension Proxy Statement, which may be obtained
free of charge from the sources indicated above.
Non-Solicitation
This press release is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the Extension and shall not constitute an offer to
sell or a solicitation of an offer to buy the securities of Digital
World, nor shall there be any sale of any such securities in any
state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933,
as amended.
Forward Looking Statements
This press release includes forward-looking statements that involve
risks and uncertainties. Forward-looking statements are statements
that are not historical facts. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual
results to differ from the forward-looking statements. These
forward-looking statements and factors that may cause such
differences include, without limitation, uncertainties relating to
Digital World’s stockholder approval of the Extension, Digital
World’s inability to complete an initial business combination
within the required time period, and other risks and uncertainties
indicated from time to time in filings with the SEC, including
Digital World’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2021 under the heading “Risk Factors,” the
Extension Proxy Statement under the heading “Risk Factors” and
other documents Digital World has filed, or to be filed, with the
SEC. Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Digital World expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in Digital
World’s expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.