“Time TV”
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United Atlantic Ventures, managed by Trump Media & Expertise Group co-founder Andy Litinsky, now owns simply 100 shares within the firm, in keeping with regulatory filings launched on Thursday. That’s down from simply over 7.5 million shares that the agency owned as of late March.

An lawyer for United Atlantic Ventures didn’t instantly reply to a request for remark.

The share sale is just not stunning on condition that Litinsky and Trump Media have been mired in a authorized battle over the shares.

Litinsky was a contestant on Trump’s NBC present “The Apprentice,” which helped burnish Trump’s persona as a profitable businessman.

Insiders had been prohibited from promoting shares in Fact Social proprietor Trump Media by lock-up restrictions, which seem to have lifted.

The large query had been whether or not Trump himself would promote some or all of his dominant stake within the firm, however the former president declared earlier this month he won’t be promoting.

Trump owns 114.75 million shares in Trump Media, in keeping with the latest filings. That stake was price $6.2 billion as not too long ago as mid-Might. Nonetheless, Trump Media’s share worth has crashed in latest months, sinking earlier this week to document lows.

Trump’s stake is price about $1.6 billion based mostly on Thursday’s closing worth of $13.98. In after-hours buying and selling, the inventory dipped about 1% following information of the share sale.