Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say 
Trump Family Files $10 Billion Lawsuit Over IRS Tax Disclosure 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
Trump Administration Expands Global Gag Rule, Restricting U.S. Foreign Aid to Diversity and Gender Programs 
Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Trump Warns UK and Canada Against Deepening Business Ties With China 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Zelenskiy Awaits U.S. Details as Ukraine Prepares for Possible Peace Talks Next Week 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
Keir Starmer Urges Prince Andrew to Testify in U.S. Epstein Investigation 
A Delaware court has ruled that Trump Media and Technology Group breached its contract with Arc Global, ordering a revised share conversion ratio. The ruling follows a dispute over Arc’s stake after Trump Media’s reverse merger with SPAC Digital World, sparking investor interest.
Court Rules Trump Media Breached Contract in Arc Global Share Dispute, Adjusts Conversion Ratio
In the past few days, the media has concentrated on Donald Trump's imminent removal of share lock-up restrictions. According to Wccftech, this change would enable him to sell his shares in the Trump Media and Technology Group (NASDAQ: DJT), valued at billions if he chooses. Nevertheless, an additional development has emerged to captivate investors' interest.
To provide context, the Trump Media and Technology Group recently went public due to a reverse merger with the SPAC Digital World (DWAC). Before the merger, Arc Global filed a lawsuit in the Delaware Court of Chancery, accusing Digital World's former CEO, Eric Swider, and three board members of miscalculating Arc's stake in a manner that would deprive the company of over 2 million shares post-merger. The controversy was concentrated on the conversion ratio of Arc's Class B DWAC shares into Class A Trump Media shares.
Digital World responded by asserting that its former CEO, Patrick Orlando, and Arc Global Investments II had threatened to obstruct the merger to secure financial gain.
Delaware Chancery Court Judge Lori Will found that Trump Media and Technology Group had violated its contract with Arc Global. Nevertheless, the judge denied Arc Global's assertion of a breach of fiduciary duty. Judge Will modified Arc Global's stake in Trump Media as part of the ruling. The conversion ratio was ordered to be 1.4911, which is higher than the 1.3481 ratio that Trump Media had argued for but lower than the 1.8178 ratio that Arc Global sought.
Speculation Grows Over Trump’s Potential Sale of $2 Billion Stake as Lock-Up Nears End
In the interim, there is ongoing speculation regarding the potential elimination of Trump's lock-up restrictions on his 59% stake in Trump Media, which was acquired through a reverse merger. The restrictions are scheduled to expire on September 26 but could be lifted as early as Thursday. This would enable Trump to sell his shares provided that specific criteria are satisfied, such as the stock price exceeding $12. At present, the stock is trading at $16.67.
Despite Trump's public declaration that he will not sell any of his shares, currently valued at approximately $2 billion, persistent rumors suggest that he may be compelled to sell a portion of his stake.
