Two co-founders of Trump Media & Technology Group Corp (NASDAQ:DJT) filed a lawsuit against former President Donald Trump over the valuation of their stake in the company and dilution.
The duo is now challenging the timing to wait to sell company shares.
What Happened: Trump owns around 60% of the newly public media company. The quadruple-indicted Republican presidential nominee could benefit from being able to sell shares ahead of a six-month share lockup.
The proceeds are expected help Trump pay down a $454 million-plus judgment from his New York civil fraud case. Trump posted a $175 million bond in that case to avert potential asset seizure by the state.
Trump Media & Technology Group (TMTG) co-founders Andy Litinsky and Wes Moss are challenging the share lockup and accusing Trump of retaliating against their previous lawsuit by locking their shares up for six months.
A Delaware judge approved a request by Litinsky and Moss to …
Full story available on Benzinga.com
Two co-founders of Trump Media & Technology Group Corp (NASDAQ:DJT) filed a lawsuit against former President Donald Trump over the valuation of their stake in the company and dilution.
The duo is now challenging the timing to wait to sell company shares.
What Happened: Trump owns around 60% of the newly public media company. The quadruple-indicted Republican presidential nominee could benefit from being able to sell shares ahead of a six-month share lockup.
The proceeds are expected help Trump pay down a $454 million-plus judgment from his New York civil fraud case. Trump posted a $175 million bond in that case to avert potential asset seizure by the state.
Trump Media & Technology Group (TMTG) co-founders Andy Litinsky and Wes Moss are challenging the share lockup and accusing Trump of retaliating against their previous lawsuit by locking their shares up for six months.
A Delaware judge approved a request by Litinsky and Moss to …
Full story available on Benzinga.com
Two co-founders of Trump Media & Technology Group Corp (NASDAQ:DJT) filed a lawsuit against former President Donald Trump over the valuation of their stake in the company and dilution.
The duo is now challenging the timing to wait to sell company shares.
What Happened: Trump owns around 60% of the newly public media company. The quadruple-indicted Republican presidential nominee could benefit from being able to sell shares ahead of a six-month share lockup.
The proceeds are expected help Trump pay down a $454 million-plus judgment from his New York civil fraud case. Trump posted a $175 million bond in that case to avert potential asset seizure by the state.
Trump Media & Technology Group (TMTG) co-founders Andy Litinsky and Wes Moss are challenging the share lockup and accusing Trump of retaliating against their previous lawsuit by locking their shares up for six months.
A Delaware judge approved a request by Litinsky and Moss to …Full story available on Benzinga.com Read MoreDJT, Donald Trump, SPACs, Stories That Matter, TMTG, Trump Media & Technology Group, Politics, Legal, IPOs, Top Stories, DJT, Politics, Legal, IPOs, Top Stories, Benzinga IPOs
