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Trump Media & Technology Group Announces Merger with TAE Technologies
DWAC
M&A
New Projects/Investments
- Trump Media & Technology Group (TMTG) and TAE Technologies announced a planned merger in an all-stock transaction valued at more than $6 billion, inclusive of debt.
- Upon closing, TMTG shareholders will own approximately 50% of the combined company on a fully diluted equity basis.
- The transaction is expected to close in mid-2026, subject to customary closing conditions, and aims to create America's first publicly traded fusion power company.
- TMTG will invest up to $200 million into TAE, with an additional $100 million upon filing a Form S4.
- The combined company will be co-led by Devin Nunes and Dr. Michael Benevides as co-CEOs, with a nine-person board chaired by Michael Schwab.
Dec 18, 2025, 2:00 PM
TMTG Announces Merger with TAE Technologies
DWAC
M&A
New Projects/Investments
- Trump Media & Technology Group Corp. (TMTG) is set to merge with TAE Technologies, Inc. (TAE) in an all-stock transaction, resulting in approximately 50% ownership for each company on a fully diluted basis.
- The combined entity will trade under the ticker DJT on NASDAQ and NYSE Texas.
- TMTG will provide up to $200 million in cash to TAE, with an additional $100 million available upon the initial filing of the Form S-4, to capitalize the pro forma company and fund its first utility-scale fusion plant.
- The transaction is expected to close in mid-2026, pending customary closing conditions and shareholder approval from both companies.
- The pro forma company aims to advance America's energy dominance and power the A.I. revolution, with a board including Devin Nunes, Michl Binderbauer, Donald J. Trump Jr., and Michael B. Schwab as Chairman.
Dec 18, 2025, 2:00 PM
Trump Media & Technology Group Announces Merger with TAE Technologies
DWAC
M&A
New Projects/Investments
- Trump Media & Technology Group (TMTG) and TAE Technologies announced a merger in an all-stock transaction valued at more than $6 billion, inclusive of debt.
- Upon closing, TMTG shareholders are expected to own approximately 50% of the combined company on a fully diluted equity basis.
- The transaction is expected to close in mid-2026, subject to customary closing conditions, including shareholder and regulatory approvals.
- The merger aims to create America's first publicly traded fusion power company. TMTG will invest up to $200 million into TAE, with an additional $100 million upon filing a Form S4.
- The combined company plans to build and operate utility-scale nuclear fusion power plants, with the first plant expected to achieve "first power" by 2031.
Dec 18, 2025, 2:00 PM
TMTG and TAE Technologies Announce Planned Merger
DWAC
M&A
New Projects/Investments
- Trump Media & Technology Group (TMTG) and TAE Technologies plan to merge in an all-stock transaction valued at more than $6 billion, inclusive of debt.
- The transaction is expected to close in mid-2026, subject to shareholder and regulatory approvals, with TMTG shareholders owning approximately 50% of the combined company on a fully diluted equity basis.
- The merger aims to create America's first publicly traded fusion power company, combining TMTG's more than $3 billion in financial assets (as of Q3 2025) with TAE's fusion technology to accelerate commercialization.
- TMTG will invest up to $200 million into TAE, with an additional $100 million upon S-4 filing, to advance TAE's goal of achieving first power by 2031 and building utility-scale nuclear fusion plants.
Dec 18, 2025, 2:00 PM
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