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Trump Media (DJT) Skyrockets 42% on $6-Billion Merger Plan
Yahoo Financeยท 2025-12-19 16:37
Core Viewpoint - Trump Media & Technology Group Corp. (NASDAQ:DJT) has seen a significant increase in stock price due to its merger agreement with TAE Technologies, which is valued at $6 billion, marking it as a notable player in the fusion energy sector [1][2][3]. Group 1: Merger Details - Trump Media has officially signed a definitive merger agreement with TAE Technologies, which will be an all-stock transaction [2]. - As part of the merger, Trump Media will provide TAE with $200 million in cash at the signing and an additional $100 million upon the initial filing of Form S4 with the SEC [3]. Group 2: Future Plans - Following the merger, the combined entity plans to begin construction of the world's first utility-scale fusion power plant next year, with an initial capacity of 50 MWe [4]. - The company aims to expand its fusion power plants to capacities ranging from 350 to 500 MWe in the future [4]. Group 3: Strategic Importance - Trump Media emphasizes that fusion power plants are expected to deliver economic, abundant, and reliable electricity, which is crucial for maintaining America's global economic dominance and winning the AI revolution [6]. - Upon completion of the merger, shareholders from both companies will hold an equal 50 percent stake in the new entity [6].