Trump Media COO resigns, company turns over more shares to investor

Trump Media COO resigns, company turns over more shares to investor
Trump Media & Technology Group Corp. Chief Operating Officer Andrew Northwall quit in late September, the company said in a regulatory filing Thursday.

Former United States President Donald Trump's social media company also revealed that it will release 785,825 shares of its stock from escrow to an early investor, as ordered by a Delaware judge. Looking at Thursday's closing price, those shares amount to roughly $12.7 million. Delaware Chancery Court Judge Lori Will ruled in September that Trump Media breached an agreement with ARC Global Investments II regarding the number of shares the social media company along with the blank-check firm Digital World Acquisition Corp. owed to the investor.

Meanwhile, Northwall's resignation wasn't explained, with the company only saying that it "plans to transition his duties internally."