Trump Media & Technology Group Corp. (TMTG) and TAE Technologies provided an update on their previously-announced merger, reaffirming their focus on closing the transaction. Concurrently, the companies announced they are no longer pursuing the potential spin-off of TMTG's media assets, including its Truth Social platform.
Key Details
- Merger Timeline: The merger with TAE Technologies is targeted to close in the fourth quarter of 2026, or sooner.
- Spin-Off Cancelled: The previously disclosed plan to spin off TMTG's media assets (including Truth Social) into a separate public company via a merger with Texas Ventures Acquisition III is no longer being pursued at this time.
- Future Strategy: Following the merger with TAE, the combined company's board will evaluate strategic alternatives for TMTG's legacy media business units to enhance shareholder value.