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Trump Media & Technology Group Corp. (DJT) M&A Call Prepared Remarks Transcript
Seeking Alpha· 2025-12-18 15:07
Core Viewpoint - The planned merger between Trump Media & Technology Group (TMTG) and TAE Technologies aims to create significant value for shareholders and is positioned as a transformative business combination that will leverage advanced technology for energy dominance [2][3]. Group 1: Merger Details - The merger is expected to create substantial value for the shareholders of both TMTG and TAE Technologies [2]. - TMTG has developed infrastructure aimed at securing free expression online, which aligns with the transformative goals of the merger [3]. Group 2: Technological Impact - The collaboration with TAE Technologies is focused on advancing fusion power, which is anticipated to be a major breakthrough in energy technology, comparable to the advent of commercial nuclear energy in the 1950s [3]. - The innovation in fusion power is projected to lower energy prices, increase supply, and enhance America's position in artificial intelligence and manufacturing [3].
Trump goes nuclear: The president’s tech and media umbrella will merge with a fusion reactor developer in a deal valued north of $6 billion
Yahoo Finance· 2025-12-18 15:01
Core Viewpoint - Trump Media & Technology Group is merging with TAE Technologies in an all-stock transaction valued at over $6 billion, marking its entry into the nuclear energy sector [1] Company Overview - Trump Media has faced significant challenges, with its stock down approximately 60% this year, while the S&P 500 has increased by double digits [2] - The company reported a net loss of $54.8 million in Q3 2025 on revenue of $972,900, and has diversified into cryptocurrency, AI, and streaming services [2] - Trump Media's balance sheet includes $1.5 billion in digital assets and $550 million in other short-term investments [2] Merger Details - Shareholders from both Trump Media and TAE Technologies will own about 50% of the combined entity on a fully diluted equity basis [3] - The transaction values TAE common stock at $53.89 based on Trump Media's trailing 30-day volume-weighted average price [3] - Following the announcement, Trump Media shares surged by 28% in premarket trading [3] TAE Technologies Overview - TAE Technologies, founded in 1998, has raised over $1.3 billion in private capital from investors like Google, Chevron Technology Ventures, and Goldman Sachs [4] - The company has built and operated five fusion reactors and holds over 1,600 patents related to fusion technology [4] Leadership Structure - Devin Nunes will become co-CEO of the merged company alongside TAE CEO Michl Binderbauer, with Nunes continuing to lead Trump Media brand operations [5] - Donald Trump Jr. will serve on the combined company's nine-member board [5] Industry Impact - Nunes stated that fusion power represents a significant energy breakthrough that will lower energy prices, boost supply, and enhance national defense [6] - The merger aims to leverage Trump Media's capital and public market access to advance TAE's technology towards commercial viability [6]
Trump Media is merging with fusion power company TAE Technologies in $6B+ deal
TechCrunch· 2025-12-18 14:59
Company Overview - Trump Media and Technology Group (TMTG) is merging with TAE Technologies, a company focused on fusion power, in an all-stock transaction valued at over $6 billion [1] - TMTG is the parent company of Truth Social, a microblogging platform launched after former President Trump was banned from major social media platforms [2] - TMTG went public last year through a merger with a special-purpose acquisition company (SPAC) and reported a loss of $54.8 million on revenue of $972,900 for the quarter ended September 30, 2025 [2] Financial Position - TMTG has amassed $3.1 billion in assets, primarily through cryptocurrency investments and partnerships, despite low revenue generation from its platforms [3] Fusion Power Initiative - TMTG's acquisition of TAE Technologies aims to establish America's global energy dominance, with plans to construct the world's first utility-scale fusion power plant (50 MWe) next year and additional plants expected to be 350-500 MWe [4] - TAE Technologies has raised nearly $2 billion since its inception, with a recent funding round of $150 million from investors including Google and Chevron [8] - TAE has faced challenges in making its fusion designs work but is also developing a division focused on life sciences, selling a particle accelerator for cancer treatment [9] Industry Context - The fusion power sector is competitive, with other companies like Commonwealth Fusion Systems and Helion also pursuing the goal of integrating fusion power into the grid by the early 2030s [6] - Successful fusion startups could provide gigawatts of clean energy using hydrogen isotopes from seawater, with the process involving heating and compressing these isotopes to create plasma [7]
Trump Media and Tae Technologies agree to merge in all-stock transaction valued at $6B
CNBC Television· 2025-12-18 12:06
Alex, stay with us for just a moment because we've got some news about a new media merger and it's pretty unusual one. Uh, the Trump Media and Technology Group is announcing plans to merge with TAE Technologies. That is a fusion power company.This is an all stock merger of equals that's valued at more than $6 billion. And upon closing, Trump Media will be a holding company for its current portfolio of media brands including Truth Social. also the power brands that are owned by TAE.If you read this release, ...
Trump Media to merge with fusion power company TAE Technologies in $6 billion deal
CNBC· 2025-12-18 12:05
Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a fusion power company, valued at more than $6 billion.The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company.The merger would create "one of the world's first publicly traded fusion companies," according to a press release.The announcement shows Trump Media, which operates President Donald Trump's Truth Social platform, branc ...
Trump Media & Technology Group to Merge with TAE Technologies, a Premier Fusion Power Company, in All-Stock Transaction Valued at More Than $6 Billion
Globenewswire· 2025-12-18 11:30
Core 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].
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TechCrunch· 2025-12-15 12:31
Thea Energy previews Helios, its pixel-inspired fusion power plant https://t.co/jKQexYjirq ...
This Lunar Resource Is So Valuable It Could Spark a New Gold Rush
CNET· 2025-11-23 15:19
There's a resource in lunar soil so valuable it could ignite a 21st century gold rush. At a reported value of $20 million per kilogram, this material is roughly 150 times more valuable than gold due to its potential use in fusion power plants, cooling for quantum computers, and its current use in detecting attempted smuggling of nuclear materials for national security purposes. Seattlebased startup Interoon is one of a handful of space resource extraction companies aiming to harness this material to establi ...