United Atlantic Ventures sold nearly 11 million company shares following a court ruling that cleared the transaction. UAV, co-founded by former Apprentice contestants Andrew Litinsky and Wes Moss, now holds just 100 shares of Trump Media. The move leaves former President Donald Trump as the company’s largest shareholder, holding over 56% of the stock, while ARC Global Investments II LLC is the only other entity with more than 5% ownership. Trump Media’s stock price soared to above $79 per share during its Nasdaq debut and has since plummeted by over 80%, now trading at above $13 per share.
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00:00It's Benzinga, and here's what's on the block.
00:03United Atlantic Ventures sold nearly 11 million company shares following a court ruling that
00:07cleared the transaction.
00:09UAV, co-founded by former Apprentice contestants Andrew Latinsky and Wes Moss, now holds just
00:15100 shares of Trump Media.
00:17The move leaves former President Donald Trump as the company's largest shareholder, holding
00:21over 56% of the stock, while ARK Global Investments is the only other entity with more than 5%
00:27ownership.
00:28The company's stock price soared to above $79 per share during its NASDAQ debut, and
00:33has since plummeted by over 80%, now trading at above $13 per share.
00:37For all things money, visit Benzinga.com.