Trump Media stock rockets 20% after mega merger announcement

Trump Media & Technology Group and fusion power company TAE Technologies have agreed to merge in an all-stock transaction valued at more than $6 billion, the companies said on Thursday. As per the statement, the deal is set to create one of the world’s first publicly traded fusion energy companies and marks a significant strategic shift for Trump Media toward advanced energy and power technologies.Based on Trump Media’s trailing 30-day volume-weighted average share price as of the market close on Dec. 17, 2025, the transaction values each fully diluted share of TAE common stock at $53.89. Upon completion of the merger, shareholders of Trump Media and TAE will each own approximately 50% of the combined entity. The companies expect the transaction to close in mid-2026, subject to customary approvals.Shares of Trump Media & Technology Group surged more than 31% in premarket trading following the announcement, reflecting strong retail investor enthusiasm for the deal.At the time of writing, the stock had given up some of those gains to trade around 20% higher.Details of the dealUnder the agreement, Trump Media will serve as the holding company for a portfolio of businesses that will include Truth Social, Truth+, TAE Power Solutions and TAE Life Sciences. Devin Nunes, chairman and chief executive officer of Trump Media, will serve as co-CEO of the combined company alongside TAE CEO and director Michl Binderbauer, the companies said.The merged entity will be overseen by a nine-member board of directors. Two directors will come from Trump Media, including Nunes and Donald J. Trump Jr. Two directors will come from TAE, including Binderbauer and Michael B.Schwab. The remaining five board members will be independent directors who will be selected and announced at a later date. Schwab is expected to be named chair of the board.Management teams from both companies plan to host an investor call at 9 a.m. ET on Dec. 18, 2025, to discuss the transaction and its strategic rationale.Fusion power at the core of the dealAccording to the companies, the transaction is designed to combine Trump Media’s access to capital with TAE’s fusion technology. The merged group plans to site and begin construction on what it described as the world’s first utility-scale fusion power plant, with an initial capacity of 50 megawatts electric, subject to required approvals. Additional fusion power plants are planned, with expected capacities ranging from 350 to 500 megawatts.The companies said fusion power plants are expected to provide economic, abundant and dependable electricity, positioning the United States to support energy-intensive technologies such as artificial intelligence while maintaining global economic competitiveness.As part of the transaction, Trump Media has agreed to provide up to $200 million in cash to TAE at signing. An additional $100 million will be available upon the initial filing of the Form S-4, according to the press release.The post Trump Media stock rockets 20% after mega merger announcement appeared first on Invezz