Amajor Trump Media & Technology (NASDAQ:DJT) Shareholder has Dumped 7.53 million Shares it Owned in the Truth Social Parent, according to a Filing with the U.S. Securities and Exchange Commission (SEC) Thursday.
United Atlantic Ventures (UAV) said in the Filing it owned 7.525 million Shares in Trump Media, or 5.5%, as of March 25th when Trump Media merged with Digital World Acquisition Corp. (DWAC).
UAV, which is Co-Owned by Andrew Litinsky and Wes Moore, said it owns 100 Trump Media shares on Thursday. Litinsky and Moore helped Shepherd the Combination of Trump Media and DWAC.
Trump is the Majority Shareholder of Trump Media with a 56% Stake.
A Federal Judge earlier this month, Ruled in favor of UAV to allow the Firm to Sell its Stake in Trump Media.
Trump Media argued that UAV was Not entitled to Shares in the Company due to Mismanagement by Litinsky and Moore before the Merger.
DJT closed today at $13.98. On its First Day it Opened at $65.
DJT's All-Time High Closing Price was $97.54 on March 4th 2022.
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