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TMTG revealed a stock-swap merger exceeding $6 billion with TAE, a nuclear fusion firm, set for December 2025.
TMTG's press announcement, issued on Wednesday, highlighted that the firm aims to finalize the merger with TAE as swiftly as it can. The parties anticipate finalizing the transaction in the fourth quarter of this year or sooner.
In February, TMTG revealed that it was considering the option of separating various media assets, such as Truth Social, after finalizing the merger with TAE. These assets were anticipated to be merged with Texas Ventures III, a Nasdaq-listed special-purpose acquisition company (SPAC).
On Wednesday, TMTG revealed that it has chosen not to separate its media assets at this moment.
The press release noted that after the merger with TAE is finalized, the joint company's board of directors will evaluate different strategic alternatives for its business divisions, including the media assets of TMTG.
source: bloomberg.com
TMTG's press announcement, issued on Wednesday, highlighted that the firm aims to finalize the merger with TAE as swiftly as it can. The parties anticipate finalizing the transaction in the fourth quarter of this year or sooner.
In February, TMTG revealed that it was considering the option of separating various media assets, such as Truth Social, after finalizing the merger with TAE. These assets were anticipated to be merged with Texas Ventures III, a Nasdaq-listed special-purpose acquisition company (SPAC).
On Wednesday, TMTG revealed that it has chosen not to separate its media assets at this moment.
The press release noted that after the merger with TAE is finalized, the joint company's board of directors will evaluate different strategic alternatives for its business divisions, including the media assets of TMTG.
source: bloomberg.com
