Trump Media & Technology Group Corp. (Nasdaq: DJT) and nuclear company TAE Technologies of Foothill Ranch said they signed a definitive merger agreement to combine in an all-stock transaction valued at more than $6 billion.Â
Upon closing, shareholders of each company will own approximately 50% of the combined company on a fully diluted equity basis, the companies said in a statement.
TAE is developing fusion power to generate electricity. The company says the system could be ready in the next decade, vastly easing the world’s energy problems.
TAE has raised more than $1.3 billion in private capital to date from Google, Chevron Technology Ventures, Goldman Sachs, Sumitomo Corporation of Americas, NEA, the family offices of Addison Fischer, the Samberg Family, Charles R. Schwab, and others.
Trump Media was started by President Donald J. Trump.
“We plan to move fast and bring abundant, safe, clean hydrogen-boron power to the grid. TAE is not an unknown success story, and we would not be here today without the enormous support from our partners and investors over the years,” Binderbauer said in a call with investors Thursday morning to discuss the deal.
He and Trump Media CEO Devin Nunes will serve as co-CEOs of the combined companies. The merger is expected to be complete by mid-2026 and will “create one of the world’s first publicly traded fusion cos., with innovative, growing tech and media businesses,” the two companies said.
“With TAE Technologies, the world’s premier Fusion Power company, this combination positions the combined company to help lead the global AI revolution and kickstart an American Energy Renaissance,” Nunes said.
