The merger between Trump Media & Technology Group (TMTG) and the private nuclear fusion firm TAE Technologies is a significant pivot for the parent company of Truth Social. The deal is valued at approximately $6 billion and marks a major entry into the clean energy sector, specifically aimed at powering the high energy demands of AI data centers.
Key Details of the Merger
Structure: This is an all-stock merger where shareholders of both TMTG and TAE will each own roughly 50% of the new combined entity.
Leadership: Devin Nunes (TMTG CEO) and Dr. Michl Binderbauer (TAE CEO) will serve as co-CEOs.
Funding: TMTG has committed to providing TAE with $200 million in cash immediately, with another $100 million upon regulatory filings.
Timeline: The companies aim to begin construction on the world’s first utility-scale fusion power plant in 2026.
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