Trump Media & Technology Group Corp. (Nasdaq: DJT) (“TMTG”) and TAE Technologies, Inc. (“TAE”) today announced that they remain focused on completing their previously-announced merger (the “TAE Merger”) as soon as possible, with the goal of closing the transaction in the fourth quarter of 2026 or sooner.
Additionally, as previously disclosed on February 27, 2026, TMTG, TAE and Texas Ventures Acquisition III (Nasdaq: TVA) (“Texas Ventures III”) have been engaged in discussions regarding a potential spin-off of certain TMTG media assets, including Truth Social, into a new publicly traded company that could be merged with Texas Ventures III (the “Spin-Off”) following the closing of the TAE Merger. After further evaluation, the parties have determined not to continue pursuing the Spin-Off at this time.
Following the closing of the TAE Merger, the board of directors of the combined company will be responsible for evaluating potential strategic alternatives for the combined company’s legacy business units, including but not limited to TMTG’s media assets, to enhance shareholder value.
