Major Trump Media Shareholder Sells Nearly Entire Stake

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Major Trump Media Shareholder Sells Nearly Entire Stake

Reuters11-16

Nov 15 (Reuters) - Trump Media & Technology Group's DJT.O key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday.

ARC and its manager Patrick Orlando now hold about 0.01% stake, down from more than 5% or over 11 million shares in September.

Orlando was the former CEO of the blank-check company Digital World Acquisition that took Trump Media public. He was ousted before the deal closed this year.

A Delaware judge had ruled in September that Trump Media breached an agreement with Orlando's ARC Global and the fund must receive more than half a million additional shares before a lock-up on insider sales expires.

U.S. President-elect Donald Trump owns nearly 115 million shares and has a nearly 53% stake in Trump Media, which owns the Truth Social media platform.

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iNkwiziTs
·11-16
You got scammed the boom boom!!
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He was ousted before the deal closed this year.</p><p>A Delaware judge had ruled in September that Trump Media breached an agreement with Orlando&#39;s ARC Global and the fund must receive more than half a million additional shares before a lock-up on insider sales expires.</p><p>U.S. President-elect Donald Trump owns nearly 115 million shares and has a nearly 53% stake in Trump Media, which owns the Truth Social media platform.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DJT":"特朗普媒体科技集团","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","BK4077":"互动媒体与服务","BK4516":"特朗普概念"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241115:nL4N3MM1KB:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2483539013","content_text":"Nov 15 (Reuters) - Trump Media & Technology Group's DJT.O key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday.ARC and its manager Patrick Orlando now hold about 0.01% stake, down from more than 5% or over 11 million shares in September.Orlando was the former CEO of the blank-check company Digital World Acquisition that took Trump Media public. 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