A Florida firm owned by former contestants on “The Apprentice” has disposed of nearly all its 5.5% stake in Trump Media & Technology Group, which owns former president Donald Trump’s Truth Social platform.
United Atlantic Ventures LLC, which owned around 7.53 million shares of common stock in TMTG, now owns only 100, according to a regulatory filing Thursday.
Fort Lauderdale-based UAV is owned by Andrew Litinsky and Wesley Moss, former contestants on Trump’s TV show, “The Apprentice” who also helped facilitate a merger that took Trump Media public in March.
Attorneys for Trump Media have argued that UAV is not entitled to shares in the company because of mismanagement by Litinsky and Moss.
But earlier this month, a federal judge in Delaware ruled in the firm’s favor in a lawsuit filed against Odyssey Transfer and Trust, a securities transfer agent. The court’s summary judgment in the case came in response to UAV seeking assurance from the judge that it would be able to sell its minority stake in TMTG.
TMTG’s share price hit a high of $79.38 on its first day of trading. It closed Thursday at $13.98 per share.
2024-12-24 00:0367 view
2024-12-24 00:022908 view
2024-12-23 22:532089 view
2024-12-23 22:531164 view
2024-12-23 22:441596 view
2024-12-23 22:312612 view
As Donald Trump emerged victorious in the presidential election Wednesday, stock prices soared. As
Kevin McHale once found himself accidentally a part of something special. The Glee alum recently rev
BUDAPEST, Hungary (AP) — Hungarian Prime Minister Viktor Orbán says he has accepted an invitation fr