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

2025-05-07 07:40:07source:Techcrisis Investment Guildcategory:News

A Florida firm owned by former contestants on TAIM Exchange“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:News

Recommend

Back trouble and brain fog bothered suspect in UnitedHealthcare CEO killing, his posts show

After Luigi Mangionemade the difficult decision to undergo spinal surgery last year for chronic back

Tom Schwartz’s Holiday Gift Ideas Will Get You Vanderpumped for Christmas

We interviewed Tom Schwartz because we think you'll like his picks. E! has affiliate relationships,

'Thank you for being my friend': The pure joy that was NBA Hall of Famer Dražen Petrović

Editor's note: We see the joy in sports all year. This seven-part series was created to share some o