Trump Media & Technology Group Corp. Passive Stake Filing Shows United Atlantic Ventures Reduces Ownership From 7.5M Shares To 100 Shares, Now Holding 0.0% Of Outstanding Stock
Portfolio Pulse from Benzinga Newsdesk
United Atlantic Ventures has significantly reduced its stake in Trump Media & Technology Group Corp., decreasing its ownership from 7.5 million shares to just 100 shares, effectively holding 0.0% of the company's outstanding stock.
September 26, 2024 | 8:13 pm
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United Atlantic Ventures has drastically reduced its stake in Trump Media & Technology Group, which could signal a lack of confidence or a strategic shift, potentially impacting the stock price of Digital World Acquisition Corp. (DWAC), the SPAC associated with Trump Media.
The reduction of shares from 7.5 million to 100 by United Atlantic Ventures suggests a significant change in their investment strategy or confidence in Trump Media & Technology Group. As DWAC is the SPAC associated with Trump Media, this could lead to a negative perception and potential sell-off by other investors, impacting DWAC's stock price negatively.
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