Trump Media & Technology Group Corp.(US:DJT) Globenewswire·2025-12-18 11:30Core Viewpoint - The merger between Trump Media & Technology Group Corp. (TMTG) and TAE Technologies, Inc. aims to create a leading fusion power company, with plans to construct the first utility-scale fusion power plant by 2026, valued at over $6 billion [1][5][7]. Company Overview - TMTG operates platforms like Truth Social and is focused on promoting free expression online, while TAE Technologies specializes in fusion power technology, aiming to provide clean, abundant energy [3][8][16]. - TAE has raised over $1.3 billion in private capital and has developed significant advancements in fusion technology over 25 years [5][10]. Transaction Details - The merger will result in a combined company where shareholders of TMTG and TAE will each own approximately 50% on a fully diluted equity basis [6][7]. - TMTG will provide up to $200 million in cash to TAE at signing, with an additional $100 million available upon initial filing of the Form S-4 [5][6]. Future Plans - The combined company plans to site and begin construction on the first utility-scale fusion power plant (50 MWe) in 2026, with additional plants expected to range from 350 to 500 MWe [5][8]. - TAE's technology is expected to transform America's energy supply, contributing to economic growth and energy security [3][5]. Leadership and Governance - The combined company will be co-led by Devin Nunes (TMTG Chairman and CEO) and Dr. Michl Binderbauer (TAE CEO), with a nine-member board of directors [11][12]. - Michael B. Schwab is expected to be named Chairman of the board [5][12]. Market Position - The merger positions the combined entity as one of the world's first publicly traded fusion companies, leveraging TMTG's capital access and TAE's technological expertise [5][7]. - TAE's advancements in fusion technology aim to provide reliable, affordable, and carbon-free electricity, addressing the growing global energy demand [8][10].