TAE Technologies to Merge with Trump Media and Technology in $6B Nuclear Fusion Deal

Trump Media and Technology Group announced the addition of nuclear fusion technology to its portfolio Thursday in a $6 billion merger of equals with TAE Technologies, an emerging private developer of nuclear power.

Under terms of the merger, TAE and TMTG shareholders will each hold approximately 50 percent of the combined company on a fully diluted basis. The $6 billion deal value is based on a TMTG share price of $53.89 — the company’s 30-day volume weighted average share price prior to the December 17 market close.