Trump Media & Technology Group Corp. (stock code: DJT.O) and fusion energy company TAE Technologies jointly announced today (18th) that they have signed a definitive merger agreement to proceed with a stock-for-stock transaction valued at over $6 billion.
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Trump Media & Technology Group Corp. (Trump Media & Technology Group Corp., stock code: DJT.O) and fusion energy company TAE Technologies jointly announced today (18th) that they have signed a definitive merger agreement to proceed with a stock-for-stock transaction valued at over $6 billion. Market analysts indicate that this agreement marks Trump Media & Technology Group’s bold move into the clean energy industry from the social media sector.
According to the agreement, upon completion of the transaction, shareholders of both companies will each hold approximately 50% of the new merged company (based on fully diluted shares). Trump Media & Technology Group will become the parent company, encompassing existing businesses such as Truth Social, Truth+, Truth.Fi, as well as TAE Technologies’ core fusion technology, TAE Power Solutions (power management solutions), and TAE Life Sciences (cancer treatment technology).
Post-merger, the new company plans to select a site and begin construction of the world’s first utility-scale fusion power plant by 2026, with an initial capacity of 50 MWe, and plans for subsequent larger-scale plants (350-500 MWe). The company emphasizes that this technology will provide economical, abundant, and reliable zero-carbon electricity, helping the US maintain its leadership in the AI revolution and strengthening energy security and global economic dominance.
As part of the transaction, Trump Media & Technology Group will provide up to $200 million in cash to TAE at the signing, and an additional $100 million after the preliminary Form S-4 registration statement is filed.
Leadership-wise, Trump Media & Technology Group CEO Devin Nunes and TAE CEO Michl Binderbauer will serve as co-CEOs, while Michael B. Schwab, founder of Big Sky Partners, is expected to serve as chairman of the nine-member board. The transaction has been approved by both boards and is expected to be completed by mid-2026, pending shareholder and regulatory approval.
TAE Technologies is an innovative fusion energy company founded in 1998 and headquartered in Foothill Ranch, California. The company focuses on developing commercial fusion power technology using a unique hydrogen-boron (p-B11) fuel cycle, which produces no radioactive waste, no meltdown risk, and has abundant fuel sources.
Currently, TAE has built and safely operated five fusion reactors, holds over 1,600 patents, and has raised more than $1.3 billion in funding. Investors include Google, Chevron, Goldman Sachs, and other prominent institutions. Additionally, TAE’s subsidiaries cover advanced power storage systems and targeted radiotherapy for cancer, with over 400 employees, including several PhD-level researchers.
Encouraged by this merger news, Trump Media & Technology Group (DJT.O) stock price surged significantly in pre-market trading, rising by 22% to $12.8, reflecting market optimism about this transformative deal.