In brief
- Trump Media and fusion power firm TAE Technologies have agreed to a $6 billion all-stock merger.
- Trump's firm will provide TAE with up to $300 million if the merger is completed.
- The combined firm aims to site and begin construction on a "utility-scale fusion power plant" in 2026.
Trump Media & Technology Group (DJT) shares have jumped 35% Thursday following an announcement that the firm has agreed to merge with fusion power firm TAE Technologies in a $6 billion all-stock transaction.
DJT was recently changing hands at $14.13 shortly after the opening bell on Thursday, though shares remain down more than 58% year-to-date.
“Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,” said Trump Media Chairman and CEO Devin Nunes, in a statement.
“This combination positions the combined company to help lead the global AI revolution and kick-start an American energy renaissance,” he added.
The deal has been approved by both firm’s board of directors, but is subject to customary closing conditions and is expected to be completed in mid-2026. As part of the merger, shareholders in each company will own approximately 50% of the combined company.
Its foundations aim to combine Trump Media’s access to capital with TAE’s fusion technologies.
As part of the deal, Trump Media will provide TAE with $200 million in cash at signing and another $100 million with the filing of an S-4, an SEC filing required when firms merge. Once combined in 2026, the merged company plans to “site and and begin construction on the world’s first utility-scale fusion power plant.”
“At TAE, recent breakthroughs have prepared us to accelerate capital deployment to commercialize our fusion technology,” said TAE CEO and Director Dr. Michl Binderbauer, in a statement. “We’re excited to identify our first site and begin deploying this revolutionary technology that we expect to fundamentally transform America’s energy supply.”
Binderbauer and Nunes will serve on the combined board, along with Donald Trump Jr.
Yorkville Securities, the same firm that helped Trump Media raise $2.5 billion to buy Bitcoin earlier in 2025, is serving as the lead financial and M&A advisor. The firm also led the IPO of Yorkville Acquisition Corp, which is working with Trump Media and Crypto.com on a planned $6 billion digital asset treasury firm centered on the Crypto.com-linked CRO token.
A representative for Trump Media did not immediately respond to Decrypt’s request for comment about how its latest merger may affect its crypto plans.
