Reported 21 days ago
A Delaware judge ruled that Trump Media & Technology Group must issue over half a million additional shares to Patrick Orlando's ARC Global due to a breach of agreement. While ARC is entitled to approximately 8.19 million shares, this is less than the 10 million sought by Orlando, who had been previously removed as CEO of the blank check company involved in Trump's media merger. The decision is critical as a lock-up period on stock sales expires soon. Additionally, Orlando is facing securities fraud allegations from the SEC.
Source: YAHOO