Dec. 18 (UPI) -- Trump Media announced Thursday that it's merging with TAE Technologies, a nuclear fusion company, in a $6 billion agreement.
TAE is a privately held company based in California, and Trump Media is a publicly traded one based in Florida. The all-stock merger will create the first publicly traded fusion power company. The deal is expected to close in mid-2026.
Upon closing, shareholders of each company will own about 50% of the combined company on a fully diluted equity basis, a press release said.
As part of the transaction, Trump Media has agreed to give up to $200 million in cash to TAE at signing and another $100 million is available upon initial filing with the Securities and Exchange Commission.
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