After months of wrangling, Digital World Acquisition (DWAC) shareholders finally extended the company's deadline to merge their blank check company with former President Trump's media company on Tuesday.

The move to delay theunion between the two companies needed 65% of shareholder approval and that was finally accomplished Tuesday after months of lobbying from DWAC CEO Patrick Orlando.

The company now has some much needed breathing room, as the vote gave the DWAC Board of Directors the power, without another proxy vote, to delay any merger itself until Sept. 8 2023.

DWAC stock shot up immediately on the news.

The announcement, which Orlando delivered in a shareholder meeting Tuesday, comes just days after twin events raised market interest in the company and its troubled effort to combine with the Trump Media & Technology Group (TMTG).

First, Trump announced he was running for president again, and then on Saturday, his Twitter account was reinstated following the results of a poll posted by new owner Elon Musk. The president had been permanently banned from the social media platform days after helping to incite a riot attack on Capitol Hill in January 2021.

Trump says he has no interest in returning to Twitter and will remain on his own company’s social media platform, Truth Social, but the temptation to return to Twitter — where he has close to 88 million followers compared to about 4.6 million on Truth Social — is high. If Trump reverses course and resumes tweeting, it could undermine the business model of his media company.

Asked about Musk's poll and decision to reinstate Trump during an Q&A before the meeting, Orlando said it was a sign "of how popular [Trump] is." In reference to the competitive landscape between Truth Social and Twitter, he said, "I think there is room for many competitors in that landscape."