- Trump Media & Technology Group and fusion energy company TAE Technologies plan a $6 billion all-stock merger.
- Trump Media will provide up to $300 million in funding as part of the deal.
- The merged entity aims to start building a “utility-scale fusion power plant” by 2026.
- Shareholders from both companies will each own about half of the new company.
- Key executives including Devin Nunes, Michl Binderbauer, and Donald Trump Jr. will serve on the combined board.
Trump Media & Technology Group has agreed to merge with fusion power developer TAE Technologies in a transaction valuing the combined company at $6 billion. The deal, structured as an all-stock merger, is expected to close in mid-2026 following customary approvals.
As part of the agreement, Trump Media will fund TAE with $200 million in cash at signing and an additional $100 million upon filing an S-4 registration statement with the Securities and Exchange Commission (SEC), a required step for mergers.
Following the announcement, shares of Trump Media (DJT) increased by 35%, reaching approximately $14.13 early Thursday, though the stock remains down over 58% year-to-date.
The combined firm aims to leverage Trump Media‘s capital resources and TAE Technologies‘ fusion technology expertise. The merged company plans to identify a site and begin construction of the world’s first utility-scale fusion power plant by 2026. Fusion power involves generating energy by fusing atomic nuclei, offering a potential clean and abundant energy source.
In statements, Devin Nunes, Chairman and CEO of Trump Media, said the merger would advance both free expression infrastructure and pioneering energy technology to enhance America’s global standing. “This combination positions the combined company to help lead the global AI revolution and kick-start an American energy renaissance,” he added.
TAE Technologies CEO and Director Dr. Michl Binderbauer highlighted recent advances that allow faster commercialization of fusion energy. “We’re excited to identify our first site and begin deploying this revolutionary technology that we expect to fundamentally transform America’s energy supply,” he said.
The new company’s board will include Nunes, Binderbauer, and Donald Trump Jr. Yorkville Securities will act as the lead financial and mergers and acquisitions advisor. Yorkville previously assisted Trump Media in raising $2.5 billion for Bitcoin purchases earlier this year and is involved in related digital asset ventures.
Requests for comment on how the merger might impact Trump Media‘s cryptocurrency plans were not immediately answered.
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