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Trump Media stock surges more than 40% on surprise merger with power firm TAE
Yahoo Finance· 2025-12-18 21:04
Group 1 - Trump Media and Technology Group (TMTG) stock increased by 41% following the announcement of a merger with TAE Technologies, indicating a strategic move towards addressing energy demands from AI and data centers [1][2] - The merger is valued at over $6 billion and represents a significant investment in fusion technology, which is carbon-free and produces less radioactive waste compared to traditional nuclear power [2] - The deal includes an immediate cash payment of $200 million at signing, with plans for the combined company to begin construction of its first utility-scale fusion power plant in 2026 [2][3] Group 2 - Under the merger terms, shareholders of TMTG and TAE will each hold approximately 50% of the new entity, with TMTG serving as the holding company for Truth Social and TAE [3] - The focus on energy independence and dominance has been a priority for the Trump administration, with recent announcements from the Department of Energy highlighting a roadmap for fusion energy [4] - Wall Street strategists have identified energy as a critical bottleneck for AI and data center infrastructure, leading hyperscalers to secure direct deals with power companies to meet their energy needs [5]
Trump Media announces $6 billion merger with fusion company TAE Technologies
CNBC Television· 2025-12-18 21:00
Trump Media and Technology Group said it will merge with an experimental fusion energy corporation called TAE Technologies. In an all stock transaction valued, they say, at more than $6 billion, shareholders of each company will own approximately 50% of the combined company, which the parties are calling one of the world's first publicly traded fusion companies. And they say that Trump Media's hefty balance sheet is going to help fuel innovation in that fusion energy tech.The company says it's just on the v ...
Trump Media stock surges more than 30% on surprise merger with power firm TAE
Yahoo Finance· 2025-12-18 15:31
Trump Media and Technology Group (DJT) stock surged more than 35% on Thursday after the parent company of Truth Social announced a merger with fusion power firm TAE Technologies (TATE.PVT). The deal underscores a bet on the energy demands from AI and data centers and the technologies that could prevail. TAE's backers include tech giant Google (GOOG, GOOGL), Goldman Sachs (GS), and oil major Chevron (CVX). The agreement, valued at more than $6 billion, is a bet on the future of fusion, a type of nuclear ...
Trump stock just spiked 25%; Here's why DJT is soaring today
Finbold· 2025-12-18 12:36
Shares of Trump Media (NASDAQ: DJT) jumped sharply in premarket trading on Thursday after the company unveiled a high-profile merger that dramatically expanded its strategic scope.The parent company of Truth Social was trading around $13.08 premarket, up nearly 25% from its prior close of $10.47, following the announcement in a press release of an all-stock merger with privately held fusion energy developer TAE Technologies.Trump Media & Technology Group pre-market chart. Source: Google FinanceThe transacti ...
Trump Media, TAE To Combine In $6 Bln All-Stock Transaction
RTTNews· 2025-12-18 12:19
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]
Renewal Fuels, Inc. Announces Execution of Transformative Merger with Kepler Fusion Technologies
Prism Media Wire· 2025-12-17 13:30
Core Insights - Renewal Fuels, Inc. has announced a definitive merger with Kepler Fusion Technologies, marking a strategic shift towards advanced energy infrastructure focused on fusion technology [4][8][9] - The merger will result in Kepler becoming a wholly owned subsidiary of Renewal Fuels, with equity holders of Kepler receiving common stock of Renewal Fuels [5][6] - The company plans to rebrand as "American Fusion" to align its identity with its new focus on fusion energy technologies [6][8] Company Transition - The merger represents a fundamental reset for Renewal Fuels, transitioning from its previous business model to a fusion-centric platform [8][9] - Kepler's Texatron platform is designed for continuous, zero-emission baseload electricity, targeting industrial, commercial, and defense applications [7][8] - The combined company aims to pursue scalable deployment opportunities and long-term value creation through a defined commercialization strategy [8][9] Financial and Operational Strategy - The company anticipates a valuation exceeding $300 million following a third-party valuation of Kepler's intellectual property and operating assets [10] - Renewal Fuels is engaging a PCAOB registered audit firm to enhance financial reporting standards and support future capital market initiatives [11] - The company is also exploring uplisting strategies to expand institutional market access post-merger [11] Legal Matters - Renewal Fuels is involved in litigation regarding the return and cancellation of approximately 1,683,000,000 previously issued shares, representing about 59% of its outstanding common stock [12][13] - The company intends to seek court relief to effect the return and cancellation of these shares, which are currently restricted and not eligible for resale [12][13]
TAE and UKAEA Launch Joint Venture to Commercialize Advanced Fusion Beams
Yahoo Finance· 2025-12-03 00:41
TAE Technologies has entered a reciprocal investment partnership with the UK Atomic Energy Authority to launch TAE Beam UK, a new joint venture designed to industrialize one of the most critical subsystems in fusion energy: neutral-beam particle accelerators. The move positions the UK as a manufacturing and R&D hub for advanced fusion components while strengthening US-UK cooperation across the fusion supply chain. The venture will be based at UKAEA’s Culham Campus in Oxfordshire—home to the recently retir ...
X @TechCrunch
TechCrunch· 2025-11-21 16:24
Trump Energy department drops renewables, promotes fusion in office reshuffle https://t.co/1jtIDHYMVg ...
X @Bloomberg
Bloomberg· 2025-11-20 18:47
Policy Change - The Trump administration is eliminating Energy Department offices focused on clean energy and renewables [1] - The administration is creating units dedicated to hydrocarbons and fusion energy [1]
X @TechCrunch
TechCrunch· 2025-11-18 14:12
Technology & Energy - Zap Energy is increasing pressure in its latest fusion device [1] Industry Focus - The report highlights advancements in fusion technology, a key area of interest in the energy sector [1]