Benzinga
  • 2 months ago
Trump Media Chief Operating Officer Andrew Northwall resigned in late September, according to a regulatory filing. The company offered no reason for Northwall's departure. In the same filing, Trump Media announced it would release nearly 800,000 shares worth over $12 million to an early investor following a court ruling. The Delaware Chancery Court determined that Trump Media breached an agreement with ARC Global Investments, ordering the release of shares held in escrow.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:03Trump Media chief operating officer Andrew Northwall resigned in late September, according
00:07to a regulatory filing.
00:09The company offered no reason for Northwall's departure.
00:12In the same filing, Trump Media announced it would release nearly 800,000 shares worth
00:17over $12 million to an early investor following a court ruling.
00:21The Delaware Chancery Court determined that Trump Media breached an agreement with ARK
00:24Global Investments ordering the release of shares held in escrow.
00:28For all things money, visit Benzinga.com.

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