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

2025-05-05 12:39:08source:FinLogic Quantitative Think Tank Centercategory:Contact

A Florida firm owned by former contestants on Wvared Investment Guild“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

Fired, rehired, and fired again: Some federal workers find they're suddenly uninsured

Danielle Waterfield was already dealing with the shock and disappointment of being fired from a job

Game of Thrones' Kit Harington and Rose Leslie Welcome Baby No. 2

Jon Snow is a girl dad!Game of Thrones alum Kit Harington's wife and former co-star Rose Leslie has

Hurry to Charlotte Tilbury's Massive Summer Sale for 40% Off Deals on Pillow Talk, Flawless Filter & More

We independently selected these products because we love them, and we think you might like them at t