Overview
- Shareholders of Trump Media and TAE would each own about 50% of the combined company, with closing targeted for mid-2026 pending approvals.
- Trump Media committed up to $200 million to TAE at signing, with another $100 million available upon the initial SEC filing of merger documents.
- Devin Nunes and TAE’s Michl Binderbauer will serve as co-CEOs, with Donald Trump Jr. slated for the board and investor Michael Schwab expected as chair.
- The combined firm says it will identify a site and begin construction on a utility-scale fusion plant in 2026, though commercial fusion remains unproven.
- Trump Media shares jumped roughly 20%–35% after the announcement as observers flagged likely political and regulatory scrutiny given the president’s large stake.