Overview
- Under the agreement, each side would own 50% of the combined company and TAE would receive up to $300 million in cash, including $200 million at signing and $100 million upon the initial SEC S-4 filing.
- DJT shares jumped about 42% on the announcement and extended gains into Friday and Monday premarket before falling 10.44% on Monday as investors took profits.
- The transaction remains subject to SEC review, shareholder votes and other approvals, with a targeted close in mid-2026 and a stated plan to begin site work in 2026.
- Fusion industry leaders welcomed access to public capital even as they cautioned that fusion remains unproven at commercial scale and that setbacks and bankruptcies are likely.
- TAE has raised roughly $1.3 billion from investors including Google, Chevron and Goldman Sachs, and Donald Trump Jr. plans to sit on the combined company’s board.