Trump Media (NASDAQ: DJT) details TAE merger, crypto treasury and AI-media plans

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Trump Media & Technology Group Corp. furnished an investor-focused interview with Interim CEO Kevin McGurn, where he discussed the proposed merger with TAE Technologies, Inc. and the company’s broader strategy. The interview explains how TMTG sees TAE’s fusion and power solutions fitting with its media, data-center and AI ambitions, emphasizing that energy needs underpin its technology stack and closed-loop platform.

The filing also outlines that TMTG intends to file a registration statement on Form S-4 to register TMTG common stock to be issued in the merger, with a combined proxy statement, prospectus and consent solicitation statement for TMTG and TAE security holders. It includes extensive forward-looking statement and risk disclosures regarding the transaction, technology commercialization, financing, regulatory approvals and market conditions.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Warrant exercise price: $11.50 per share Form S-4: Registration statement on Form S-4 Fiscal year reference: Year ended December 31, 2025

3 metrics

Warrant exercise price $11.50 per share Exercise price for each redeemable warrant listed on Nasdaq and NYSE

Form S-4 Registration statement on Form S-4 To register TMTG common stock issued in proposed TAE merger

Fiscal year reference Year ended December 31, 2025 Date of latest referenced Form 10-K for director and officer information

Key Terms

registration statement on Form S-4, proxy statement/prospectus and consent solicitation statement, forward-looking statements, emerging growth company, +2 more

6 terms

registration statement on Form S-4 regulatory

"TMTG intends to file with the U.S. Securities and Exchange Commission ... a registration statement on Form S-4"

A registration statement on Form S-4 is a formal filing with the U.S. Securities and Exchange Commission used when a company issues shares or other securities as part of a merger, acquisition, exchange offer or similar corporate deal. It bundles the transaction terms, financial statements, risk factors and shareholder vote materials so investors can assess the deal; think of it as a detailed prospectus or buyer’s packet that explains what you would own and how the deal could change your stake.

forward-looking statements regulatory

"This ... contains forward-looking statements. All statements, other than statements of present or historical fact"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

emerging growth company regulatory

"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

redeemable warrants financial

"Redeemable Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50"

A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.

digital asset treasury financial

"there's been some movement of your treasury with Bitcoin ... those digital assets and the yield that they produce"

A digital asset treasury is a collection of digital items like cryptocurrencies or tokens that a company or organization owns and manages. It’s important because it helps them store, protect, and use these digital assets for business needs, investments, or future growth, much like a cash reserve but in digital form.

Understanding 8-K Material Events →

05/26/2026 - 04:32 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 26, 2026

Trump Media & Technology Group Corp.

(Exact name of registrant as specified in its charter)

Florida		001-40779		85-4293042
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

401 N. Cattlemen Rd., Ste. 200

Sarasota, Florida 34232

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (941) 735-7346

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.0001 per share	DJT	The Nasdaq Stock Market LLC
Common stock, par value $0.0001 per share	DJT	New York Stock Exchange Texas
Redeemable Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50	DJTWW	The Nasdaq Stock Market LLC
Redeemable Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50	DJTWW	New York Stock Exchange Texas

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01.

Other Events.

On May 26, 2026, Kevin McGurn, Interim Chief Executive Officer of Trump Media & Technology Group Corp. (“TMTG” or the “Company”) was interviewed by Vince Molinari of Fintech TV. Among other things, the interview discussed the proposed business combination between TMTG and TAE Technologies, Inc. (“TAE”). A video of the interview is available at https://truthsocial.com/@truthsocial/posts/116641211101776191 and a copy of the transcript of the interview is attached hereto as Exhibit 99.1.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Important Information About the Proposed Transaction and Where to Find It

In connection with the proposed transaction, TMTG intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 to register the common stock of TMTG to be issued in connection with the proposed transaction. The registration statement will include a document that serves as a proxy statement and prospectus of TMTG and consent solicitation statement of TAE (the “proxy statement/prospectus and consent solicitation statement”), and TMTG will file other documents regarding the proposed transaction with the SEC. This document is not a substitute for the registration statement, the proxy statement/prospectus and consent solicitation statement, or any other document that TMTG may file with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND CONSENT SOLICITATION STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TMTG AND TAE, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO, AND RELATED MATTERS.

After the registration statement has been declared effective, a definitive proxy statement will be mailed to the shareholders of TMTG (the “TMTG Shareholders”) and a prospectus and consent solicitation statement will be sent to the stockholders of TAE. Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus and consent solicitation statement, as each may be amended or supplemented from time to time, and other relevant documents filed by TMTG with the SEC (if and when they become available) through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by TMTG, including the proxy statement/prospectus and consent solicitation statement (when available), will be available free of charge from TMTG’s website at tmtgcorp.com under the “Investors” tab.

Participants in the Solicitation

TMTG and certain of its directors and executive officers and TAE and certain of its directors and executive officers, may be deemed to be participants in the solicitation of proxies from the TMTG Shareholders with respect to the proposed transaction under the rules of the SEC. Information regarding the names, affiliations and interests of certain of TMTG’s directors and executive officers can be found in TMTG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on February 27, 2026, as amended on April 30, 2026; TMTG’s subsequent Quarterly Report on Form 10-Q filed with the SEC on May 8, 2025; and the proxy statement/prospectus and consent solicitation statement and other relevant materials filed with the SEC in connection with the proposed transaction when they become available. Free copies of these documents may be obtained as described in the paragraphs above. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the TMTG Shareholders in connection with the proposed transaction, including a description of their direct and indirect interests, by security holdings or otherwise, will also be set forth in the proxy statement/prospectus and consent solicitation statement and other relevant materials when filed with the SEC.

Forward-Looking Statements

This Current Report on Form 8-K, including the exhibits hereto, contains forward-looking statements. All statements, other than statements of present or historical fact included in this communication, regarding TMTG’s proposed merger with TAE, TMTG’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “will” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words, and the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements include, but are not limited to, statements regarding TMTG’s and TAE’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the anticipated timing and terms of the proposed transaction; plans for deployment of capital and the uses thereof; governance of the combined company; development and construction timelines; cost competitiveness of fusion-generated electricity; timing of commercialization of TAE’s fusion technology; expectations regarding the time period over which the combined company’s capital resources will be sufficient to fund its anticipated operations; plans for research and development programs; and future demand for power. These forward-looking statements are based largely on TMTG’s and TAE’s current expectations. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause TMTG’s or TAE’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, risks related to TMTG’s or TAE’s ability to demonstrate and execute on commercial viability of its technology; legal proceedings; ability to obtain financing on acceptable terms or at all; changes in digital asset valuations; disruption to TMTG’s or TAE’s operations; TMTG’s or TAE’s ability to develop and maintain key strategic relationships; competition in TMTG’s or TAE’s industry; ability to access required materials at acceptable costs; delays in the development and manufacturing of fusion power plants and related technology; ability to manage growth effectively; possibility of incurring losses in the future and not being able to achieve or maintain profitability; potential generation capacities of specific reactor designs; regulatory outlook; future market conditions; success of strategic partnerships; developments in the capital and credit markets; future financial, operational and cost performance; revenue generation; demand for nuclear energy; economic outlook and public perception of the nuclear energy industry; changes in laws or regulations; ability to obtain required regulatory approvals on a timely basis or at all; ability to protect intellectual property; adverse economic or competitive conditions; and other risks and uncertainties. In addition, TMTG and TAE caution you that the forward-looking statements contained in this communication are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the proposed transaction or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TMTG or TAE following announcement of the proposed transaction; (iii) the inability to complete the proposed transaction due to the failure to obtain approval of the shareholders of TMTG or TAE, or other conditions to closing in the merger agreement; (iv) the risk that the proposed transaction disrupts TMTG’s or TAE’s current plans and operations as a result of the announcement of the proposed transaction; (v) TMTG’s and TAE’s ability to realize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition and the ability of TMTG and TAE to grow and manage growth profitably following the proposed transaction; and (vi) costs related to the proposed transaction. The forward-looking statements in this communication are based upon information available to TMTG and TAE as of the date hereof and, while TMTG and TAE believe such information forms a reasonable basis for such statements, these statements are inherently uncertain, and you are cautioned not to unduly rely upon these statements. Except as required by applicable law, TMTG and TAE do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events or otherwise. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TMTG’s periodic filings with the SEC, including TMTG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (as amended), TMTG’s subsequent Quarterly Reports on Form 10-Q and in the Form S-4, when filed. TMTG’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

No Offer or Solicitation

This communication is not intended to and does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits. The following exhibits are filed with this Form 8-K:

Exhibit No.		Description of Exhibits

99.1		Transcript of Interview of Kevin McGurn on Fintech TV.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Trump Media & Technology Group Corp.
Dated: May 26, 2026
	By:	/s/ Scott Glabe
	Name:	Scott Glabe
	Title:	General Counsel

Exhibit 99.1

On May 26, 2026, Kevin McGurn, interim CEO of TMTG, completed an interview with Vince Molinari of Fintech TV. The transcript is copied below:

MOLINARI: Hi, I'm Vince Molinari, and welcome back. Joining us now for his first live television interview as Interim CEO of Trump Media Technology, I'm sorry, Trump Media and Technology Group, is Kevin McGurn. Kevin, welcome to the show.

McGURN: Thanks so much, Vince. Thanks for having me.

MOLINARI: Well, I am absolutely delighted and honored. First live interview as interim CEO, and even more so, we're so excited and appreciate the collaboration with Trump Media, and some of our content on there, and continued exploration of more to do together. So, thank you, and we're honored to have you today.

McGURN: Thanks so much. Yeah, and we're happy to have you on the service, and you guys have been putting out great content for a long time, and it's great to be here.

MOLINARI: Well, I love it. Hey, let's jump in. You know, we look at Bitcoin, it continues to scale its institutional adoption. People are watching it more and more as a global indicator, and I guess as we talk about watching things with everything on chain, there's been some movement of your treasury with Bitcoin. Some of the street investors, “Hey, what's going on?” Can you share a little bit with us?

McGURN: For sure. I mean, at the headline, we're trying to diversify where our holdings are. That's just a security thing. What's a risk management principle that we want to be very thoughtful about and have a diversified set of accounts that we trade from. And then, more than that, we have a principal balance that we're trying to yield against, and that's something that we're very adamant about. And when we go to run our business, we want a strong balance sheet, and those digital assets and the yield that they produce is something that's going to make us stronger and stronger as we do all of the strategic things that are out there in our business.

MOLINARI: So, I guess at the core, like any good treasury management, digital or other, it's a yield enhancement, putting that asset to work a little bit better, harder, stronger, faster.

McGURN: Yeah, well, for sure. I mean, the market is dictating what we do, right? And we feel that Bitcoin has a very strong position. There is some opportunity on the upside here as we go forward into the year, and we want to take advantage of that, our ability in the, in the size of the asset treasure that we have, which was raised in one of the biggest pipes that the street has ever seen.

We have just a unique placement. We have a belief in this currency that we want to make sure that we, you know, one, we're putting it to work for its best of mobility, and then two, that we're keeping in mind all of our strategic opportunities with a merger, with our media company, and with some of the other businesses and technology that we're building out.

MOLINARI: Great, love your opinion. You have a vast background, and when we look at this convergence, if you would, between media platforms, financial market infrastructure, digital ownership, are we late? Are we still very early? What's your sense?

McGURN: I think we're early. When I look at the great unbundling of media, where broadcast and cable sort of fractured into this really tough consumer environment, where I think prices have soared and content has scattered, we actually feel like blockchain and crypto assets are a way that we can benefit the entirety of the consumer experience when it comes to watching media. The fact that Trump Media and Technology Group has a closed loop system where our mobile assets and our television assets are connected in a back-end infrastructure—if you think about where content discovery and enjoyment goes, we know that all of these things are linked together, and that our social media platform, which is the core of what we do, will be the beneficiary of how content is discovered, and then immersing yourself with that television experience where all of the engagement occurs.

MOLINARI: Well, I, for one, love that vision, and it's really so true when we look at how content consumption is really defining the relationship and the connectivity with the stakeholders, whether the viewer, shareholders, consumers, so bravo on that.

You know, I want to talk a little bit more about Truth Plus, and the expansion of what's going on, and really, really the content distribution, and how important original content is to you now, and what do you have going on on that side?

McGURN: Yeah, I think at the core, mobile and television need to be connected with one another. Video has been the leader of getting more and more engagement on mobile. So, Truth Plus was the natural evolution of our Truth Social platform into television, original content, curated content, programmed content, hits and highlights that start in the mobile experience in short form can be expanded into long form on television. You're a great beneficiary of that. Other broadcasters in the conservative news networks, family-friendly, faith-based content that we have on the service are going to be beneficiaries of that, and then ultimately the consumer will be able to find what they want more quickly, and then jump in from that short form experience into a long form immersive experience.

MOLINARI: So, is that what your answer would be when you have, whether critics or observers say, hey, you know, the streaming space is pretty crowded. How's Truth Plus really going to differentiate and have its own bigger voice?

McGURN: We have a closed loop platform. Our tech stack is owned and operated by ourselves, so we can actually iterate very quickly. When we're designing our products and experiences, and we're writing code, we're doing it off the back of a content delivery network that is centered on data centers around the United States. So, when we publish code, we don't have to have third party tech platforms approve it. We're our own third-party tech platform. We are the first—

MOLINARI: —extremely valuable.

McGURN: It's extremely valuable. It makes us faster, and it makes the experience for the end user that much cleaner.

MOLINARI: So, let's continue. We talk about user engagement growth. We look at what Trump Media continues to do with, I'd say building long-term shareholder value as the goal. Yeah, what are you looking at in terms of metrics? How are you measuring that, and what's the plan?

McGURN: Well, we have one of the best brands in the world, right? It's one of the most experienced brands that's out there in the media space, and it's one of the most mentioned brands on all of media. So, we're going to go into our phase now that we've built these products out, we're going to start growth marketing, that's app install marketing in both mobile and in television, and we're going to start to build and build and build with more content, more users, more advertisers, more sponsorship.

We have a really robust and ambitious path forward that we want to make sure that we're a player in the media space, we're a participant in the industry, and then we're out there using all the tools that are available to us in television and mobile to build our business.

MOLINARI: This may be my favorite question. Big shout out to our producer, Bill. You know, when we look at, I guess we're all misunderstood at times, right? And sometimes when you layer in intentionality into the misunderstanding, you know, when you look at market participants, investors. What's the biggest thing you may want to make them understand versus the misunderstandings that may be in the marketplace?

McGURN: Yeah, I sort of mentioned it. One, it's that technology stack that we have as our back end, we do our own ingest, our own transcode, we have our own content delivery network, but then secondly, it's this broader kind of strategy where we really do believe that the media business today is broken and that, you know, content is out there in a fragmented way, but actually the blockchain and then the tokenization of those assets will actually be the thing that brings it all back together.

And the technology layer is the way to do that, and the cryptocurrencies are the way to transact that agentic transaction is something that can only be done through crypto tokens. So, we want to make sure that we are a leader in that space. The backend infrastructure allows us to do it quickly, and then that front end experience is something that we're going to experiment with, and we're going to see if we can't fix this problem and make TV great again.

MOLINARI: I love that. Make TV great again. Listen, you know, when we think about this, at least from my lens, when we look at multiple paradigm shifts, when we're talking about just what you went through, everything from blockchain, crypto to newer content, AI, you seem so well positioned as vertically integrated, you know, when you look at all of the emerging technology and AI within the scope of Trump Media. Are you looking at it as an efficiency creator? Are you looking at it as kind of your infrastructure or beyond that? How do you view it?

McGURN: It's always going to be core to infrastructure. I think running an efficient business requires artificial intelligence to be able to scale very, very quickly.

But more so, I think it's about personalization. I think you know the way that content is presented to you today, whether it's feed-based on an algorithmic level or in your really broken experience on television, where you have lots of apps, lots of choices, nothing to watch. I think AI is actually the solution for that, to learn your preferences and understand your situation, and then give you the best possible content in the best possible place that's going to get you excited and have you stick around for the longest period of time.

MOLINARI: Well, I mean, again, that resonates so well, and I'm just going backward to go forward again. Make TV great again. I have to say that, wow, I didn't queue that up for that statement for you.

We're getting ready to go into the opening bell in a second. We'll take a little pause. Well, we've got Mastercard ringing the bell. We'll give them a shout out for their 20th anniversary listed here at the New York Stock Exchange. Nothing better than this, you know. Here we are.

McGURN: Here we go.

MOLINARI: That every day is just the iconic New York Stock Exchange, epitomized with that opening bell. The enthusiasm, as you can hear today, and look around, unparalleled.

McGURN: I've done it once before, Vince. It's a lot of fun.

MOLINARI: It is special.

McGURN: It's a great atmosphere. It's a great energy.

MOLINARI: I like to pretend every once in a while that that's for us.

McGURN: Yeah, it’s very hard to get that kind of applause.

MOLINARI: To the extent you could really talk about it—you know, there's been so much out in the media, again, what's real, what's not. Talking about this wonderful conglomerate of Trump Media, and this scope of assets. Hey, is there going to be a spin out? Is there going to be a merger? How are you dealing, and what messaging do you want to give to the marketplace, and how you bringing that forward now to realize shareholder value?

McGURN: I mean, you hit the nail on the head. It's about shareholder value. We want to start with the shareholder point of view and figure out ways to get them the highest return on their investment, and they're a loyal shareholder base, hundreds of thousands of people that come with us each and every day on these markets.

So, from my perspective, we're focused on the merger. We've announced that, and we're going to look at all the assets underneath that conglomerate structure, and that's our media business, that's their various types of power solutions business with TAE Technologies, their life sciences business, and then obviously the core business, which is their fusion business.

And if you think about the technology stack that we talked about and the data centers that we operate around the United States, it always all starts with energy. So, that's why these things fit together. That's why this race that we're in, the AI race, the energy race, the data center race, is so important, because everything that we're talking about it is predicated on energy. This entire experience is something that we need to present out to the community, and we need to do so in larger and larger fashion, and we have an energy crisis on our hands, and we're trying to solve for that and be a participant in that solution, and I think this is a very logical approach for us, and we're, you know, we're committed to it, and we're going to get it done as fast as possible for our shareholders.

MOLINARI: And I fully appreciate that, Kevin. You know, when I saw the announcement, I'm like, well, this makes sense, but when you really drill down and think about the fundamental energy need for everything else that's occurring, not only within Trump Media as a microcosm of it, but really nationally.

McGURN: Yes.

MOLINARI: So, it does make tremendous sense when I look at that, and you just outlined that. When you look at the next six to twelve months, what does success look like for you as the new interim CEO?

McGURN: For us, I think it's going to be more content on the platform, I think it's going to be more users coming into us every day, and I think it's going to be a deeper level of connectivity between the mobile phone and the television, just from an experiential standpoint. But really, the success starts with the merger, working through a lot of the things that we're doing in this crypto digital asset treasury, getting those, you know, those principal amounts working for us, yielding, and then funding the business that we're putting together.

We're very excited. We have great people on board. We have an incredible merger that's in front of us, and we have a great shareholder base that's following along with us. So, for me, success is serving all of those constituents, all of those customers, and getting sponsors, subscribers, advertisers on board for the service.

MOLINARI: You know, I really like the way that you phrase that. So it's really beyond shareholder, it's really stakeholder engagement across the spectrum.

McGURN: Yeah, it's an entire industry, in fact, it's the country, right? You know, we want to be able to do our part and put out products, services, and experiences that are beneficial and incremental to what's out there in the world, and I think from my standpoint it's the core, it's the core mission of what Truth Social was founded on. It's free speech, of course, but it's also being a participant in one of the best industries in the world, which is the media business, and I've been in that business for over 25 years, and I'm a big fan of it, and I think this is a core asset that needs to build and needs to grow.

MOLINARI: Absolutely. Hey, I could talk for hours with you. I think I've got time for one more quick question, and I would be doing an injustice if I didn't at least squeeze it in there. So, Yorkville, America, great ETF business, five ETFs listed right here at the New York Stock Exchange, wonderful. Share with some of the changes, little gear shift, and what's occurring.

McGURN: Yeah, so we have a couple things that have been going on: one, we have our current ETFs that are out there, and two, we've actually been looking at our at our crypto ETFs and doing a little bit of adjusting in terms of how they are listed, right? So, we're going, we're going from the ‘33 Act to the ‘40 Act, going from ETP to ETF, we want to make sure that we're getting a very diversified set of products that are out there to the folks that want to participate in crypto currencies but want to do so in a more diversified way.

If you think about how we were filed originally, it was a single-by-single crypto asset. The ETFs actually allow for a much better mix, a much more managed product set, and something that actually is unique out there in the marketplace. I think for us, we want to just have something that people, one, believe in the values that we're bringing to the table, and two, have great performing assets that they can invest in, and this is our best chance of doing it. So, we're totally invested. We've got great partners in Yorkville, America. They're not done with just, you know, the announcements that you've seen today. There'll be much more to come, and you know, Truth.Fi is a great overarching brand for how we think about the entire blockchain, about the entire financial services business, and, and how we're going to participate in that, and bring, you know, great products and great services that yield great return to those folks that, that vote on us institutionally and from a retail perspective in the future.

MOLINARI: Excellent, Kevin McGurn, the Interim CEO of Trump Media and Technology Group. Kevin, thank you so much for joining us. You got to come back soon. There's so much more to dive into.

McGURN: You guys are the best. Appreciate you.

MOLINARI: Appreciate you, my friend. Thank you.

McGURN: Cheers.

Source: View Original Filing on SEC EDGAR

FAQ

What does Trump Media (DJT) disclose about its proposed merger with TAE Technologies?

Trump Media explains that it has a proposed merger with TAE Technologies, Inc. and plans to combine TMTG’s media and technology platform with TAE’s fusion, power solutions and related businesses. The interview frames the deal around energy needs for data centers, AI and media operations.

What SEC filing does Trump Media (DJT) plan for the TAE Technologies merger?

Trump Media intends to file a registration statement on Form S-4 with the SEC to register common stock issued in the proposed TAE merger. That filing will include a combined proxy statement, prospectus and consent solicitation statement for TMTG shareholders and TAE stockholders.

How can Trump Media (DJT) and TAE investors access merger documents when available?

Investors will be able to access the Form S-4 registration statement and proxy statement/prospectus and consent solicitation statement for free on the SEC’s website. Trump Media also plans to post its filed materials on its corporate site under the Investors section when they become available.

What forward-looking risks does Trump Media (DJT) highlight around the TAE merger?

Trump Media lists many uncertainties, including completing the merger, obtaining shareholder approvals, legal proceedings, financing, regulatory approvals, technology commercialization, energy-market conditions, competition and integration challenges. It cautions that actual results could differ materially from expectations expressed in forward-looking statements in the communication.

How does Trump Media (DJT) describe its digital asset and Bitcoin treasury strategy?

Interim CEO Kevin McGurn says Trump Media aims to diversify treasury accounts and seek yield on its principal balance using digital assets, including Bitcoin. He presents these holdings as part of building a strong balance sheet to support strategic initiatives across media, crypto and merger-related activities.

What is Truth Plus and how does it fit Trump Media’s (DJT) strategy?

Truth Plus is described as an expansion of the Truth Social platform into television, emphasizing original and curated video content. McGurn highlights a closed-loop system linking mobile and TV experiences, using owned infrastructure to iterate quickly and deepen user engagement across conservative news, family-friendly and faith-based programming.

How does Trump Media (DJT) plan to use AI and blockchain in its media business?

Trump Media sees AI as core infrastructure for efficiency and personalized content recommendations across mobile and TV. It also views blockchain and tokenized assets as tools to reconnect fragmented media experiences, enable new forms of digital ownership, and support transactions within its broader Truth-branded financial and media ecosystem.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EXHIBIT 99.1 28.8 KB