Trump Media & TAE Technologies merge in 50/50 stock deal; Trump Trust backs transaction

Trump Media & Technology Group Corp.

TMTG to merge with fusion-energy company TAE; pre-Merger shareholders of each to own ~50% of combined entity on fully diluted basis.
Termination fee of $90M payable by either party under specified conditions; expense reimbursement up to $30M.
TMTG to fund TAE with $200M convertible note within 5 business days, with option for up to $100M additional upon S-4 filing.
Trump Revocable Trust (42% of TMTG shares) and TAE holders (~26%) enter voting agreements to support transaction.
Post-closing: Devin Nunes and Michl Binderbauer as co-CEOs; board of 9 with designees from both companies.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Trump Media & Technology Group Corp. entered into Agreement and Plan of Merger with TAE Technologies, Inc. (effective 2025-12-18).

Action: entry
Agreement: merger
Counterparty: TAE Technologies, Inc.
Effective: 2025-12-18

Exact text from the filing

As previously announced, on December 18, 2025, Trump Media & Technology Group Corp., a Florida corporation (“ TMTG ”), and T Media Sub, Inc., a Florida corporation and wholly owned subsidiary of TMTG (“ Merger Sub ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with TAE Technologies, Inc., a Delaware corporation (“ TAE ”),

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38 material agreements filed in the last 30 days. Browse all material agreements →

Trump Media & Technology Group Corp. filing history →

Source: SEC EDGAR

accession 0001140361-25-046056

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