The Nasdaq Market web site is seen on the day that shares of Truth Social and Trump Media & & Technology Group start buying and selling beneath the ticker “DJT”, in New York City, UNITED STATE, March 26, 2024.
Shannon Stapleton|Reuters
United Atlantic Ventures LLC, a major investor in Trump Media, has truly marketed or in any other case completed away with higher than 7.5 million shares within the enterprise, in accordance with a regulative declaring on Thursday.
UAV, whose dealing with participant is Andrew Litinsky, possessed 7,525,000 shares of Trump Media since March 25, which stood for five.5% of the then-outstanding shares within the social networks enterprise, in accordance with 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 higher than 56% of Trump Media shares, which commerce beneath the ticker DJT on the Nasdaq.
UAV is a collaboration of Litinsky and Wes Moss, that initially pitched Trump the idea of creating Trump Media in February 2021, after the earlier head of state was prohibited from Twitter and Facebook complying with the fatalJan 6 Capitol hassle.
Both Litinsky and Moss have been entrants on Trump’s television program “The Apprentice.”
UAV obtained higher than 7.5 million shares in late March, when Trump Media went public after ending its merging with the blank-check enterprise Digital World Acquisition Corp.
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