Company: DJT
Filing Date: 2025-12-18
Form Type: 425
Source: 0001140361-25-045967
Chunk: 7

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-12-18
Form: 425
Chunk 7
---
. Highlights:

| • | Transaction to create one of the world’s first publicly traded                                                                                                                                                                   
 fusion companies.Deal to combine TMTG’s access to significant capital and TAE’s leading fusion technology. In 2026, the combined company plans to site and begin construction on the world’s                                     
 first utility-scale fusion power plant (50 MWe), subject to required approvals. Additional fusion power plants are planned and expected to be 350 – 500 MWe. Fusion power plants are expected to provide economic, abundant, and 
 dependable electricity that would help America win the A.I. revolution and maintain its global economic dominance.                                                                                                               |

| • | TMTG’s balance sheet to accelerate the path to power.The transaction will combine the strength of TMTG’s strong balance sheet with TAE’s leading technologies. As part of the transaction, TMTG has agreed to provide up to $200 million of cash to TAE at 
 signing and an additional $100 million is available upon initial filing of the Form S-4.                                                                                                                                                                   |

| • | TAE’s next-generation fusion technology is poised for commercial                                                                                                                                                                   
 application.After more than 25 years of research and development, TAE has significantly reduced fusion reactor size, cost and complexity. TAE has built and safely operated five fusion                                            
 reactors and raised more than $1.3 billion in private capital to date from Google, Chevron Technology Ventures, Goldman Sachs, Sumitomo Corporation of Americas, NEA, the visionary family offices of Addison Fischer, the Samberg 
 Family, Charles Schwab, and others.                                                                                                                                                                                                |

| • | Combined company to be governed by experienced management and                                                                                                                        
 board.Devin Nunes, TMTG Chairman and CEO, and Dr. Michl Binderbauer, TAE CEO and Director, plan to serve as Co-CEOs of the combined company; Michael B. Schwab, Founder and Managing 
 Director of Big Sky Partners, is expected to be named Chairman of a planned nine-member board of directors.                                                                          |

Nunes said, “Trump Media & Technology Group built uncancellable infrastructure to secure free expression online for Americans, and now we’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations. Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s—an innovation that will lower energy prices, boost supply, ensure America’s A.I.-supremacy, revive our manufacturing base and bolster national defense. T