Top Trump Media investor cashes out almost all his shares, filings show
ARC's current stake is just 30,147 shares of Trump Media after owning more than 11 million shares in September.
Major Trump Media Shareholder Offloads Nearly Entire Stake
The financial firm reduced its stake in the Truth Social parent’s stock from more than 5% to just 0.01%, regulatory filings show.
Major Trump Media shareholder ARC Global unloads nearly all DJT stock
Orlando, the former CEO of the company that took Trump Media public in a SPAC merger, and ARC, the sponsor of that merger, now hold just 30,147 DJT shares — about 0.01% of the company's common stock, according to the SEC filing.
Major Trump Media shareholder sells nearly entire stake
Orlando was the former CEO of the blank-check company Digital World Acquisition that took Trump Media public. 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.
Major Trump Media Stockholder Unloads Nearly Entire Stake In Truth Social's Parent Company
President-elect Donald Trump gestures while speaking to a gathering of House Republicans in Washington, D.C., on Wednesday. Andrew Harnik/ A major shareholder has unloaded nearly its entire stake in President-elect Donald Trump's social media company.
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