Paramount Global has set its annual shareholder meeting for July 2, the latest sign that its merger with Skydance Media is unlikely to close on schedule.

Paramount Global and controlling shareholder Shari Redstone had hoped to close the deal to merge the media company with Skydance Media by this point. But as the deal is still pending FCC approval, and with a potential settlement with Donald Trump in his lawsuit against “60 Minutes” looming,

Paramount Global nominated three new directors on Monday, seeking to boost its board strength to seven as it awaits regulatory approval for its $8.4 billion merger with Skydance Media.