Trump Media (DJT) Slashes 10.44% on Profit-Taking

Group 1 - Trump Media & Technology Group Corp. (NASDAQ:DJT) experienced a decline of 10.44% on Monday, closing at $14.41, as investors took profits following a previous surge related to its merger announcement [1][5]. - The company has officially signed a definitive merger agreement with TAE Technologies, which is expected to create one of the world's first publicly traded fusion companies [2]. - As part of the merger agreement, Trump Media will provide TAE Technologies with $200 million in cash at signing and an additional $100 million upon the initial filing of Form S4 with the SEC [3]. Group 2 - Following the merger, the combined entity plans to begin construction of the world's first utility-scale fusion power plant next year, which will have a capacity of 50 MWe [3]. - The expansion of fusion power plants is anticipated, with future capacities ranging from 350 to 500 MWe [4]. - Upon completion of the merger, shareholders of both companies will hold an equal 50% stake in the new firm [5].

Trump Media (DJT) Slashes 10.44% on Profit-Taking - Reportify