Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill 
Trump Pushes Election Security Message at Georgia Rally Ahead of Midterm Senate Race 
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call 
Coca-Cola Raises Diet Coke Prices in India as Iran Conflict Disrupts Can Supply 
Macquarie Names Greg Ward as CEO, Signaling Stability and Strategic Continuity 
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch 
US-Backed Pediatric HIV Treatment Drops After Foreign Aid Changes, Study Finds 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral 
Juan Orlando Hernandez Seeks Dismissal of Honduras Charges After Trump Pardon 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
Arizona Primaries Set High-Stakes Governor and House Battles Ahead of Midterm Elections 
US Military Completes 13th Straight Night of Iran Strikes as Trump Warns of Further Action 
Domino’s Weighs Appeal After Australian Court Rules Workers Were Misled on Pay 
Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad 
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.
