The shareholder vote, tentatively scheduled for September 6th, 2022, is to extend the deadline to complete the business combination by one year from September 8, 2022 to September 8, 2023.
As many of you know, the SEC is trying to screw DWAC and TMTG by a phony investigation. As these investigations take time, the companies need more time to complete the business merger.
What does this mean: If the vote does not pass, the business merger will not pass and the shares will all be liquidated. This would be bad. We need this vote to pass.
Shareholders will get cards to vote by mail sometime in the next month. I recommend filling these out incase you cannot be present on September 6th during the live vote. Make sure your mailing address is up to date. Otherwise you can vote on September 6th at the shareholder meeting as long as you have your shareholder access code.
TLDR: Any shareholder of DWAC needs to vote in favor of extending the deadline for the business combination between DWAC and TMTG or else the deal is dead.
See here for full details: https://www.sec.gov/Archives/edgar/data/1849635/000119312522213753/d386906dpre14a.htm
Mail in cards for real? I hope the USPS won't be intercepting the returned votes.
The card will have a code for voting your shares online and if you have your broker set to be paperless you'll get an email instead. I've done it this way for many years.
Ok that's a relief. I know Robinhood and Vanguard let you vote online so the mail seemed rather archaic, but I'm paranoid too so there's that.
I have to keep remembering that there's a lot of newbies in stocks lately.
Is that the proxy vote?
Or just delivering the ballots….
My first thought