Trump Media & Technology Group (TMTG), the company behind Donald Trump's Truth Social platform, announced plans Thursday
to merge with TAE Technologies, a private nuclear fusion firm. The all-stock transaction is valued at over $6 billion.
The deal would create one of the first publicly traded companies focused on fusion energy. Upon completion of the
merger, both Trump Media and TAE Technologies will each hold approximately 50% ownership of the new entity. The
agreement values TAE's common stock at $53.89 per share, according to the companies.
Devin Nunes, former Republican congressman and current CEO of Trump Media, will share the CEO role with TAE
Technologies' CEO, Michl Binderbauer.
Nunes commented on the merger, stating it represents "a big step forward toward a revolutionary technology" that could
solidify America's energy leadership for years to come.
Following the announcement, shares of Trump Media & Technology Group saw a jump of around 20% in pre-market trading,
despite having fallen approximately 70% year-to-date. Trump remains the primary shareholder in Trump Media, holding
about 41% of the company's outstanding shares.
TAE Technologies specializes in nuclear fusion, a next-generation energy technology that replicates the energy-producing
processes of the sun. Fusion involves fusing light atomic nuclei to release substantial energy. A key advantage of
fusion over nuclear fission is that it doesn't produce long-lasting radioactive waste, making it an appealing option for
The merger announcement coincides with increased efforts by U.S. policymakers to accelerate the development of fusion
energy. The Department of Energy released a roadmap in October aimed at boosting the commercialization of fusion
technology and fostering a domestic private-sector fusion industry.
After the merger, Trump Media & Technology Group will become a holding company encompassing Truth Social, TAE
Technologies, and TAE subsidiaries like TAE Power Solutions and TAE Life Sciences.
The timeline for finalizing the deal remains undisclosed and is contingent upon regulatory and shareholder approvals.