Trump Media & Technology Group (DJT) shares entered Thursday down nearly 70% this year. They're making a chunk of it back this morning.
Trump Media & Technology Group Corp. (DJT) M&A Call Prepared Remarks Transcript
President Donald Trump's social media company, Trump Media and Technology Group (TMTG), said on Thursday that it's merging with TAE Technologies, a Southern California-based company that has been chasing the dream of fusion power for nearly 30 years.
Shares in the president's media company jumped premarket after it agreed to a tie-up with TAE Technologies in an all-stock deal.
Trump Media's stock is soaring as the Truth Social operator looks to get in on a hot AI power trend.
Shares of Trump Media (NASDAQ: DJT) jumped sharply in premarket trading on Thursday after the company unveiled a high-profile merger that dramatically expanded its strategic scope.
Trump Media and Technology Group announced a merger agreement with fusion power company TAE Technologies valued at more than $6 billion. The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company.
President Trump's media company Trump Media & Technology Group agreed to merge with fusion power company TAE Technologies in an all-stock deal worth more than $6 billion.
Trump Media & Technology and TAE Technologies have agreed to combine in an all-stock transaction valued at more than $6 billion, the companies said on Thursday.
Trump Media settles legal dispute with firm's co-founders
Since its 2024 merger, Trump Media has reported low quarterly revenues with no growth. Operating expenses, meanwhile, have been larger and have increased.
Trump Media (NASDAQ: DJT) the company behind Truth Social, Truth+, and the Truth.Fi fintech brand has inched closer to launching its own Bitcoin exchange-traded fund (ETF) after submitting an amended registration to the U.S. Securities and Exchange Commission (SEC) on August 11.