Trump Media & Technology Group merger on track; Spin-off plan shelved

By Chris Stiles • Wednesday, June 10 10:25 • Permanent Link

Trump Media & Technology Group and TAE Technologies said they are still working to close their previously announced merger in the fourth quarter of 2026 or sooner.

The companies also said they are no longer pursuing, for now, a separate spin-off of certain Trump Media assets, including Truth Social, into a new publicly traded company that could have been merged with Texas Ventures Acquisition III.

Instead, once the TAE merger closes, the combined company’s board will review strategic alternatives for Trump Media’s legacy business units, including its media assets.

The update keeps the merger timetable intact, with the target still set for late 2026. The spin-off plan, which had been under discussion since Feb. 27, has been dropped at this stage. Today the company's shares have moved -1.18% to a price of $8.0539. For more information, read the company's full 8-K submission here.

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