Company: DJT
Filing Date: 2025-12-18
Form Type: 425
Source: 0001140361-25-046061
Chunk: 1

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-12-18
Form: 425
Chunk 1
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 lead the global A.I. revolution and kickstart an American energy renaissance.

In short, this deal will create America’s first publicly traded fusion power company.

Why is fusion power revolutionary? It’s because fusion power plants are now feasible at commercial scale—and they will produce reliable, cost-effective, dispatchable, and carbon-free electricity and industrial heat
        with no nuclear meltdown risk or radioactive waste.**

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TAE—the undisputed leader in fusion power—is the ideal partner for us to achieve this breakthrough. Founded 27 years ago, the company has successfully built five demonstration fusion reactors with a track record of
        safely reducing costs, size, and complexity, and it now stands ready to begin work on America’s first commercial nuclear fusion plant.

This merger fulfills TMTG’s America-first principles. Fusion power will lower energy prices, bolster our national defense, and secure the energy needed to guarantee America’s dominance of A.I. technology. The
        partnership also satisfies our M&A strategy: combinations that bring transformative technology, the potential for significant long-term value creation, and dramatic societal impact.

We believe that we are ideally positioned to help usher in this energy revolution. Since becoming a public company last March, TMTG has amassed more than $3 billion in financial assets as of the end of the third
        quarter of 2025 – a source of funds that we can deploy to rapidly advance TAE’s fusion technology. Together with TAE, we will have the capital and public market access to scale TAE’s vision to put abundant new energy on the grid.

Here is the structure of the deal: TMTG and TAE agreed to combine in an all-stock transaction valued at more than $6 billion, inclusive of debt. Upon closing, current TMTG shareholders will own approximately 50% of
        the combined company on a fully diluted equity basis.

We expect the transaction to close in mid-2026, subject to satisfaction of customary closing conditions, including shareholder and regulatory approvals. The combined company will include the core division for
        developing fusion technology—TAE Technologies—supplemented by additional assets including TAE Power Solutions, TAE Life Sciences, and the Truth Social assets.

Dr. Binderbauer and I will be co-CEOs of the combined company. We’ll have a nine-person board, with Michael B. Schwab serving as chairman, and Dr. Binderbauer, Donald Trump Jr., myself, and five other independent
        members to be selected and named later. We’ll