Trump Media, TAE To Combine In $6 Bln All-Stock Transaction

Group 1 - Trump Media & Technology Group Corp. and TAE Technologies, Inc. have agreed to merge in an all-stock transaction valued at over $6 billion, with Trump Media shares surging more than 20% in pre-market trading following the announcement [1] - The merger aims to create one of the first publicly traded fusion energy companies, combining Trump Media's capital resources with TAE's fusion technology, and plans to construct a utility-scale fusion power plant with a capacity of about 50 megawatts by 2026 [2] - Trump Media will provide up to $200 million in cash to TAE at signing, with an additional $100 million available upon the initial filing of a Form S-4 registration statement [3] Group 2 - TAE Technologies, founded in 1998, focuses on developing commercial-scale fusion energy and has raised over $1.3 billion in private capital from notable investors including Google and Goldman Sachs [4] - Following the merger, Trump Media will act as the holding company for its existing businesses, including Truth Social and TAE's subsidiaries [4] - Devin Nunes and Michl Binderbauer will serve as co-CEOs of the combined company, with Michael B. Schwab expected to be appointed chairman of a planned nine-member board [5]