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Trump media CO resigns; DJT hands over more shares to SPAC investors amid court action | Real Time Headlines

The logo of Donald Trump’s Truth Social app is displayed on a smartphone on March 25, 2024.

Anna Buckley | Getty Images

Trump Media The company revealed in a statement that chief operating officer Andrew Northwall resigned at the end of September. Supervision filing Thursday.

former president Donald TrumpIts social media company announced in the same filing that it would offer nearly 800,000 shares to early investors following a recent order from a Delaware judge.

At Thursday’s closing price, the shares were worth about $12.7 million.

The company, which trades on Nasdaq under the ticker DJT, gave no explanation for Northwall’s resignation but said it “plans to transition his responsibilities internally.”

Documents filed with the Securities and Exchange Commission do not indicate a direct link between developments in the Delaware lawsuit and the executive’s departure.

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