The Nasdaq Market website is seen on the day that shares of Truth Social and Trump Media & & Technology Group begin trading under the ticker “DJT”, in New York City, UNITED STATE, March 26, 2024.
Shannon Stapleton|Reuters
United Atlantic Ventures LLC, a significant investor in Trump Media, has actually marketed or otherwise done away with greater than 7.5 million shares in the business, according to a regulative declaring on Thursday.
UAV, whose handling participant is Andrew Litinsky, possessed 7,525,000 shares of Trump Media since March 25, which stood for 5.5% of the then-outstanding shares in the social networks business, according to the 13G declaring with the Securities and Exchange Commission.
“As of the date of this filing, United Atlantic Ventures LLC owns 100 shares,” the declaring states.
Former President Donald Trump has greater than 56% of Trump Media shares, which trade under the ticker DJT on the Nasdaq.
UAV is a collaboration of Litinsky and Wes Moss, that originally pitched Trump the concept of developing Trump Media in February 2021, after the previous head of state was prohibited from Twitter and Facebook complying with the fatalJan 6 Capitol trouble.
Both Litinsky and Moss were entrants on Trump’s tv program “The Apprentice.”
UAV obtained greater than 7.5 million shares in late March, when Trump Media went public after finishing its merging with the blank-check business Digital World Acquisition Corp.
This is damaging information. Please rejuvenate for updates.
