Trump Media and Technology Group and fusion energy firm TAE Technologies have agreed to merge in an all-stock transaction valued at more than $6 billion. The companies announced in a news release on Thursday that under the terms of the deal, shareholders of each company will own 50 percent of the combined entity on a fully diluted basis.
The merger is intended to create one of the world’s first publicly traded fusion energy companies, and it plans to begin siting and construction of its first utility-scale fusion power plant in 2026, with additional facilities planned to help meet growing demand for clean, affordable energy.
Leadership of the combined company will be shared by current executives, with TMTG CEO Devin Nunes and TAE Technologies CEO Michl Binderbauer serving as co-CEOs, while Michael B. Schwab of Big Sky Partners is expected to be named chairman of the new board of directors.
