All articles tagged with #arc global investments
ARC Global Investments has significantly reduced its stake in Trump Media & Technology Group, now holding just 0.01% compared to over 5% previously. This follows a series of legal and financial challenges, including a lawsuit against former CEO Patrick Orlando for securities fraud and a Delaware court ruling against Trump Media. Despite these issues, Trump Media's stock saw a slight increase, although it dipped in after-hours trading.
ARC Global Investments II, a major shareholder in Trump Media, has sold nearly all its shares, reducing its stake to just 0.01% of the company. This follows a Delaware court ruling that Trump Media breached an agreement with ARC, requiring the company to grant additional shares to ARC. The sale comes amid a volatile period for Trump Media's stock, which saw a significant rally in October. The move by ARC and its manager, Patrick Orlando, follows a similar sell-off by United Atlantic Ventures.