Trump Media & Technology Group and TAE Technologies Announce Merger Progress and Strategic Updates
SARASOTA, Fla., June 10, 2026 — Trump Media & Technology Group Corp. (Nasdaq: DJT) (“TMTG”) and TAE Technologies, Inc. (“TAE”) have provided key updates regarding their ongoing merger and related corporate strategies.
Key Points of the Announcement
- Merger Timeline: TMTG and TAE reaffirm their commitment to completing their previously announced merger (the “TAE Merger”) as soon as possible, targeting a closing in the fourth quarter of 2026 or earlier.
- Spin-Off Decision: The companies have ceased discussions about a previously considered spin-off of certain TMTG media assets (including Truth Social) into a new publicly traded entity. This spin-off was being evaluated for a potential merger with Texas Ventures Acquisition III (Nasdaq: TVA), but after further review, the parties have decided not to pursue it at this time.
- Post-Merger Strategy: After the TAE Merger closes, the new board of directors of the combined company will assess strategic alternatives for the legacy business units, particularly TMTG’s media assets, with the aim of enhancing shareholder value.
Details for Investors and Shareholders
- Shareholder Vote Required: The merger is subject to shareholder approval. TMTG intends to file a registration statement on Form S-4 with the SEC, which will include a proxy statement/prospectus and consent solicitation statement. Investors and shareholders are strongly encouraged to review these materials in full when available, as they will contain crucial information about the merger and related matters.
- Important SEC Filings: The registration statement and all relevant documents will be made freely available on the SEC website and TMTG’s investor relations page. Copies of these filings will include the proxy statement/prospectus, consent solicitation statement, and any amendments or supplements.
- Participants in the Solicitation: Certain directors and executive officers of both TMTG and TAE may be deemed participants in the solicitation of proxies for the merger. Details on their interests and holdings will be included in the proxy materials.
Company Overviews
- TMTG: Operates Truth Social (a social media platform positioned as a “safe harbor” for free speech), Truth+ (a TV streaming platform), and Truth.Fi (a financial services and fintech brand focused on “America First” investment vehicles).
- TAE Technologies: A leading fusion power company developing sustainable, competitive solutions for clean energy production. TAE also operates subsidiaries in energy storage and delivery (TAE Power Solutions) and cancer treatment technologies (TAE Life Sciences).
Potential Share Price Drivers & Considerations
- Merger Progress and Timetable: The reaffirmation of the merger completion goal (by Q4 2026 or sooner) may influence investor sentiment and price action, especially as milestones are reached.
- Spin-Off Abandonment: The decision not to proceed with the spin-off of Truth Social and other media assets could significantly affect valuations and shareholder expectations, as this was a previously disclosed potential value unlock.
- Strategic Review of Legacy Assets: The board’s post-merger evaluation of legacy business units, including possible divestitures or restructurings, presents both opportunities and risks for future shareholder value.
- Regulatory and Shareholder Approval Risks: The merger is subject to multiple approvals, and any delays, legal actions, or negative outcomes could impact share prices. Forward-looking statements in the communication caution about numerous risks, including the ability to achieve commercial viability, secure financing, regulatory approvals, and maintain strategic relationships.
- Forward-Looking Statements: Investors should note that the companies have highlighted a range of risks and uncertainties that could materially impact the actual results versus expectations. These include technology commercialization, competitive factors, legal proceedings, economic outlook, and more.
- Upcoming Filings and Proxy Materials: Shareholders should monitor SEC filings closely, as these will contain detailed disclosures on the merger, financials, and management interests.
Investor and Media Contacts
- Investor Relations: Shannon Devine (MZ Group | Managing Director – MZ North America), [email protected]
- Media Contact: [email protected]
Disclaimer
This article is provided for informational purposes only and does not constitute an offer to buy or sell any securities, nor a solicitation of any vote or approval. The information herein is based on company press releases and filings as of June 10, 2026, and may be subject to change. Investors are urged to read all official SEC filings and proxy materials in their entirety before making any investment decisions. Forward-looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied. Please consult your financial advisor before making investment decisions.
