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Truth Social Parent to Acquire Fusion Firm TAE

Tipranks - Fri Dec 19, 2025

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Truth Social ( (DJT) ) has issued an update.

On December 18, 2025, Trump Media & Technology Group and TAE Technologies signed a definitive agreement under which TMTG will acquire TAE through a stock-for-stock merger, with TAE surviving as a wholly owned subsidiary and each side’s existing shareholders expected to own roughly 50% of the combined company on a fully diluted basis. All TAE preferred stock will convert into common stock before closing, TAE equity awards and warrants will roll into equivalent TMTG instruments, and post-merger governance is set to be shared, with a nine-member board chaired by TAE investor Michael B. Schwab and co-CEOs Devin Nunes and Michl Binderbauer, while major shareholders, including the Donald J. Trump Revocable Trust and key TAE investors, have entered voting agreements supporting the deal. The transaction remains subject to numerous conditions, including shareholder approvals at both companies, regulatory clearances, stock exchange listing of new TMTG shares, and tax opinions, and can be terminated by either party under agreed circumstances, with reciprocal $90 million termination fees and up to $30 million in expense reimbursement; concurrently, TMTG agreed to provide TAE with at least $200 million, and up to $300 million, of interim funding via an unsecured convertible note, underscoring the strategic scale and financial commitments tied to combining a social media company with a fusion energy developer.

More about Truth Social

Trump Media & Technology Group Corp. (TMTG), parent of the Truth Social platform, operates in the digital media and technology sector, focusing on social networking and related online services. TAE Technologies is a privately held fusion energy company developing advanced nuclear fusion technology and power plant designs aimed at future commercial power generation.

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