据悉，奥兰多曾是数字世界并购公司(DWAC)的首席执行官，特朗普传媒(Trump Media)通过特殊目的收购公司(SPAC)途径与之合并上市。目前，合并的发起人ARC Global目前仅持有30147股DJT的股票，约占该公司普通股的0.01%。①One of the major shareholders of the Trump Media Technology Group, ARC Global Investments II, and its manager, Patrick Orlando, sold almost all of their shares in the third quarter, now holding only 30,147 shares, accounting for approximately 0.01% of the company's common stock; ②After the end of the lock-up period on September 19, DJT's stock price fell to its lowest level since going public, but Trump did not reduce his holdings.
Caixin News reported on November 16th (edited by Niu Zhanlin) that a regulatory document showed that one of the major shareholders of the Trump Media Technology Group (DJT) has sold almost all of his holdings, but due to the early timing of the reduction, missed the increase after Trump's victory, and therefore failed to catch the opportunity for wealth and prosperity.
According to information disclosed by the U.S. Securities and Exchange Commission (SEC), as of the end of the third quarter on September 30, the financial company ARC Global Investments II and its manager, Patrick Orlando, no longer hold more than 5% of the Trump Media shares.
Orlando was formerly the CEO of Digital World Acquisition Corp (DWAC). Trump Media merged with it and listed through a special purpose acquisition company (SPAC) approach. Currently, the initiating sponsor ARC Global currently holds only 30,147 shares of DJT stock, accounting for approximately 0.01% of the company's common stock.
In early September, DJT announced that ARC owned more than 11 million shares, equivalent to 5.4% of the total issued shares of the company.
On September 19, after the highly anticipated lock-up period ended, DJT's stock price subsequently fell to its lowest level since the company went public, as investors expected Trump to sell his holdings.
However, Trump did not actually reduce his holdings, and DJT also applied for an injunction to prevent ARC Global from immediately selling its shares. A Florida judge stated that he would not issue the injunction and would ensure that ARC Global could sell or transfer its shares after the lock-up period ended on September 19.
By Friday, ARC Global's DJT shares were worth only $0.85 million. If calculated based on the 5.4% shareholding, the value would be $0.33 billion.
It is worth noting that the sell-off of ARC Global coincided with the surge in DJT's stock price. After entering October, with the heat of the 'Trump trade', DJT's stock price soared from $15 to a peak of $54.
Analysts point out that although the fundamentals of DJT are still long-term questionable, investors are betting on Trump winning the US presidential election. They are buying the company's stocks to support him, while ARC Global's clear-cut reduction in holdings implies that they do not believe Trump can win the election.
In addition, over a month ago, another major shareholder, in conjunction with atlantic china welding consumables,inc., also sold almost all of its DJT shares.
After sweeping the seven swing states and defeating Harris, Trump reiterated that he has no plan to sell the shares of this company. He also called on regulatory agencies to investigate the masterminds behind the speculation of this event.
