Trump Media & Technology Group (NASDAQ:DJT) and TAE Technologies have announced a landmark merger valued at over $6 billion, positioning the combined entity as one of the first publicly traded companies in the burgeoning fusion energy sector.
The all-stock transaction is expected to see shareholders of both companies holding an approximately equal stake of 50% in the merged entity on a fully diluted basis.
As part of the deal, TMTG will provide up to $200 million in funding at the signing, with an additional $100 million to be contributed upon the initial S-4 filing.
This capital infusion will help support the ambitious plans of the combined company, which includes the construction of a 50 MWe utility-scale fusion plant slated to begin in 2026, contingent on the necessary regulatory approvals.
The company has also set its sights on future plants with a capacity ranging from 350 to 500 MWe.
The merger underscores the growing interest in clean and renewable energy sources, with fusion power holding the potential to provide a virtually limitless and clean energy supply.
The planned fusion plants would mark significant milestones in the development of commercial fusion energy, a field that has garnered attention from investors and governments alike due to its promise of transforming the global energy landscape.