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.

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