**Trump Media COO Resigns; Company Ordered to Release Nearly 800,000 Shares**

In a recent regulatory filing, Trump Media & Technology Group (TMTG) disclosed the resignation of its Chief Operating Officer, Andrew Northwall. Northwall's departure, which occurred in late September, was revealed alongside notable developments regarding the company’s stock.

According to the same filing, TMTG is set to release approximately 800,000 shares of its common stock to ARC Global Investments II, complying with a court ruling by Delaware Chancery Court Judge Lori Will. As per Thursday’s market closing price, these shares are valued at around $12.7 million.

The company, which is publicly traded on Nasdaq under the ticker DJT, did not elaborate on the reasons behind Northwall's resignation but did indicate plans to manage his responsibilities internally.

The Delaware court dispute originated from differing interpretations of the stock-conversion ratio tied to Trump Media's merger with Digital World Acquisition Corp. (DWAC). Judge Will determined that the ratio proposed by DWAC was insufficient, entitling ARC to receive more shares than initially calculated. TMTG’s SEC filing noted that while ARC's proposed ratio was also rejected, the court order resulted in the release of 785,825 shares to ARC.

Patrick Orlando, the driving force behind ARC and DWAC's original CEO, faced his own controversy earlier this year. Orlando was removed from his position at DWAC in 2023, before the merger's completion in late March. Additionally, he is embroiled in ongoing litigation with the U.S. Securities and Exchange Commission (SEC) over allegations of misleading public securities filings related to the merger.

These developments underscore the ongoing turbulence within Trump Media & Technology Group as it navigates executive changes and legal challenges.