Algosensey-Ex-'Apprentice’ candidates dump nearly entire stake in owner of Trump’s Truth Social platform

2025-05-01 07:40:57source:Chameleon Financecategory:Contact

A Florida firm owned by former contestants on Algosensey“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.

More:Contact

Recommend

Billy Bean was an LGBTQ advocate and one of baseball's great heroes

In 2018, a man named Bryan Ruby wrote a letter to Billy Bean.Bean wrote back. It would be something

Louisiana Supreme Court reopens window for lawsuits by adult victims of childhood sex abuse

NEW ORLEANS (AP) — Officially reversing a controversial March ruling, Louisiana’s highest court Wedn

Is there life out there? NASA latest spacewalk takes fresh approach

As the culmination of a NASA project in the works for nearly a decade, astronauts on Thursday will s