Nov 15 (Reuters) - Trump Media & Technology Group's ( DJT )
key shareholder, ARC Global Investments, has unloaded
nearly all its stake in the media company, it said in a
regulatory filing on Thursday.
ARC and its manager Patrick Orlando now hold about 0.01%
stake, down from more than 5% or over 11 million shares in
September.
Orlando was the former CEO of the blank-check company
Digital World Acquisition that took Trump Media ( DJT ) public. He was
ousted before the deal closed this year.
A Delaware judge had ruled in September that Trump Media ( DJT )
breached an agreement with Orlando's ARC Global and the fund
must receive more than half a million additional shares before a
lock-up on insider sales expires.
U.S. President-elect Donald Trump owns nearly 115 million
shares and has a nearly 53% stake in Trump Media ( DJT ), which owns the
Truth Social media platform.