Trump Media & Technology Group Corp. (NASDAQ, NYSE Texas: DJT) and TAE Technologies, Inc. have announced a definitive merger agreement valued at more than $6 billion. The transaction is expected to create one of the world's first publicly traded fusion companies, with the combined company planning to site and begin construction on the world's first utility-scale fusion power plant in 2026. This is subject to required approvals, with additional fusion power plants expected to follow.
As part of the transaction, Trump Media & Technology Group will provide up to $200 million of cash to TAE Technologies at signing, with an additional $100 million available upon the initial filing of Form S-4.
TAE Technologies, founded in 1998, has achieved significant breakthroughs in fusion technology, with plans to provide reliable, affordable, carbon-free electricity and industrial heat without the risks associated with traditional nuclear energy.
The combined company will be governed by experienced management and board members, with Devin Nunes, Chairman and CEO of TMTG, and Dr. Michl Binderbauer, TAE CEO and Director, set to serve as co-CEOs. The company is expected to be managed by a nine-member board of directors, including independent directors.
Trump Media & Technology Group, since going public in March 2024, has amassed total financial assets of $3.1 billion as of the third quarter of 2025, including cash, restricted cash, short-term investments, trading securities, and digital assets.
TAE Technologies has raised more than $1.3 billion in private capital to date from notable investors such as Google, Chevron Technology Ventures, and Goldman Sachs, among others. It employs over 400 employees, including 62 Ph.D. holders, and holds over 1,600 patents, reflecting its leadership in fusion innovation.
The transaction, which has been approved by the boards of directors of both companies, is expected to close in mid-2026, subject to customary closing conditions, including shareholder and regulatory approvals. The companies have scheduled a conference call for 9 a.m. ET on December 18, 2025, to discuss the transaction.
For more information about the proposed transaction and involved parties, interested individuals are urged to refer to official documents and filings with the U.S. Securities and Exchange Commission (SEC) as they become available.
This merger represents a significant development in the fusion energy sector and the future of energy production in the United States. Today the company's shares have moved -2.42% to a price of $10.47. For more information, read the company's full 8-K submission here.
