Trump Media filing reveals COO resignation, court ruling to hand over shares [Seeking Alpha]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Seeking Alpha
Andrew Northwall was COO of Truth Social's parent company since 2021. The company plans to "transition his duties internally." No other details were provided about his departure. Northwall made his exit on September 28, two days after a major shareholder dumped 7.53 million shares it owned in the Truth Social parent. The latest filing also revealed Trump Media has been ordered by a Delaware Court to release 785,825 shares in the company to investor ARC Global Investments II. The ruling comes after a long legal battle over ARC's shareholding after Trump Media merged with Digital World Acquisition. Since hitting a high of $79.38 on March 26, Trump Media stock has tumbled , especially so after the expiration of a lockup that had prevented Donald Trump and other insiders from selling or borrowing against their shares. Recommended For You Comments Recommended For You More Trending News
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DJT
News
- Trump Media & Technology chief operating officer resigns [CBS News]CBS News
- Chief operating officer of Truth Social's parent company resigns [Yahoo! Finance]Yahoo! Finance
- Trump back on Forbes 400 with at least 37 other Palm Beach billionaires [USA TODAY]USA TODAY
- Insiders remain on top despite recent sales, own 63% of Trump Media & Technology Group Corp. (NASDAQ:DJT) [Yahoo! Finance]Yahoo! Finance
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DJT
Sec Filings
- 10/4/24 - Form 424B3
- 10/4/24 - Form 424B3
- 10/4/24 - Form 424B3
- DJT's page on the SEC website