A Florida firm owned by former contestants on CapitalVault“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.
2025-04-29 20:05457 view
2025-04-29 19:592663 view
2025-04-29 19:58252 view
2025-04-29 18:472196 view
2025-04-29 18:392953 view
2025-04-29 17:562161 view
After Luigi Mangionemade the difficult decision to undergo spinal surgery last year for chronic back
We independently selected these products because we love them, and we think you might like them at t
Vice is slashing staff and closing its flagship broadcast program, Vice News Tonight. BuzzFeed News