Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer

📆 7/09/2024 8:59 AM
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A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform.

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Read full article: ‘You need a kayak’: Residents on some Jacksonville dirt roads report issues with entering, exiting amid floodingPolice looking for man who entered multiple Westside homes, stared at women before running awayFILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York.

Friday’s ruling involves UAV’s concerns that it will not receive its Trump Media shares, currently valued at about $350 million, from Odyssey when a post-merger lockup period expires Sept. 19. According to court filings, Odyssey told UAV earlier this year that it would be taking direction from TMTG and its lawyers.

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Stakeholder in Trump's Truth Social parent company wins court ruling over share transferA federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform.
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