Trump Media Stock Surges 35% On $6 Billion Merger With Fusion Company

Core Viewpoint - Trump Media & Technology Group (TMTG) announced an all-stock merger with TAE Technologies, valued at over $6 billion, leading to a significant rise in its share price by more than 36% in premarket trading [1][2]. Group 1: Merger Details - The merger will be executed as an all-stock transaction, with shareholders of both companies owning approximately 50% of the combined entity [1]. - Trump Media will provide up to $200 million in cash to TAE upon signing the agreement, with an additional $100 million to be provided upon filing the S-4 merger document with the SEC [3]. - After the merger, Trump Media will become the holding company for TAE and its subsidiaries, including Truth Social, Truth+ streaming service, and the planned financial services platform Truth.Fi [3]. Group 2: Future Plans - Following the completion of the merger in 2026, the combined company plans to construct the "world's first utility-scale fusion power plant," which is expected to generate 50 megawatts of electricity [2]. - Devin Nunes, CEO of Trump Media, and Michl Binderbauer, CEO of TAE, will serve as co-CEOs of the merged company [3].