Trump Media & Technology SEC Filings

Trump Media & Technology Group Corp. reported full-year 2025 results highlighted by financial assets of about $2.5 billion, up from $776.8 million at the end of 2024. These assets include cash, investments, digital assets, and a note receivable, supporting its diversification and acquisition strategy.

The company generated positive operating cash flow of $14.8 million in 2025, compared with a $61.0 million outflow in 2024, and earned $44.0 million in cash proceeds from a covered-put options strategy tied to its bitcoin treasury hedging. Despite this, TMTG recorded a $712.3 million consolidated net loss, largely from non-cash fair value losses on digital assets and related securities, stock-based compensation, and interest expense, resulting in an adjusted EBITDA loss of $664.4 million on $3.7 million of revenue.

TAE Technologies announced the appointment of Cedric Burgher as Chief Financial Officer, and Trump Media & Technology Group Corp. (TMTG) states it intends to file a Form S-4 to register TMTG common stock in connection with the proposed merger with TAE. The press release says Burgher will oversee accounting, capital markets, treasury and investor relations and will focus on scaling public-company processes and controls.

The release notes site-selection planning for TAE’s first fusion power plant is underway and, following required approvals and the closing of the announced merger, construction of a 50 MWe plant is anticipated in 2026, with future plants expected to be 350 - 500 MWe.

Trump Media & Technology Group Corp. describes its planned digital token initiative for shareholders and reminds broker participants of key deadlines. Each shareholder will be eligible to receive one digital token per whole DJT share owned as of the February 2, 2026 record date, in partnership with Crypto.com.

Brokers are asked to provide BetaNXT with names, addresses, and record-date share balances for all objecting beneficial owners by February 13, 2026 so eligible holders can participate. The tokens are expected to be non‑equity, non‑transferable, carry no cash value, and not represent ownership interests, though token holders may be eligible for prizes or programs connected to holding the tokens.

Trump Media & Technology Group Corp. describes its planned merger with TAE Technologies, Inc. and the related SEC process. TMTG plans to file a Form S-4 registration statement to register TMTG common stock that would be issued in the proposed transaction. That filing will include a combined proxy statement, prospectus, and consent solicitation statement for TMTG shareholders and TAE stockholders.

The communication emphasizes that investors should wait for and carefully review the Form S-4, proxy/prospectus, and related documents when available, as they will contain important details about the transaction, the companies, and associated risks. It also highlights that TMTG and TAE directors and executives may be deemed participants in the proxy solicitation and includes an extensive forward-looking statement disclaimer outlining factors that could cause actual outcomes to differ from current expectations. The communication clarifies that it is not an offer or solicitation to buy or sell securities.

Trump Media & Technology Group plans an all-stock merger with TAE Technologies valued at more than $6 billion, with each company expected to own about 50% of the combined business on a fully diluted basis. The deal is targeted to close in mid-2026, subject to shareholder and regulatory approvals, and TMTG intends to register new common stock on Form S-4 for the transaction.

At the end of the third quarter of 2025, TMTG reported $3.1 billion of financial assets, and has already provided $200 million of cash to TAE, with another $100 million available upon filing the S-4. The combined company expects to fund and build TAE’s first utility-scale 50 MWe fusion power plant, Da Vinci, with target milestones of site selection and construction start in 2026, first plasma in 2029, net energy capability in 2030, and initial power operations in 2031, while continuing TMTG’s media and technology operations.

Trump Media & Technology Group Corp. (TMTG) has outlined a proposed merger with nuclear fusion developer TAE Technologies, Inc., positioning the company at what its CEO Devin Nunes describes as the “tip of the spear” in addressing future power needs for AI and data centers. Nunes explains that TAE has built five generations of fusion reactors and is planning a sixth system aimed at producing more energy than it consumes, with conceptual plans for an initial 50‑megawatt commercial reactor and a second reactor in the 350–500‑megawatt range on the same site.

TMTG highlights this transaction as a strategic expansion from its social media and free‑speech technology roots into the energy sector, emphasizing fusion as a potential source of abundant, clean power. The communication stresses that TMTG intends to file a Form S‑4 registration statement with the SEC, which will include a proxy statement/prospectus for TMTG shareholders and a consent solicitation statement for TAE stockholders, and urges investors to read those materials carefully when available because they will contain important information and risk factors related to the proposed merger.

Trump Media & Technology Group Corp. filed a current report stating that it has furnished a company press release as Exhibit 99.1 under a Regulation FD disclosure item. The press release is dated January 13, 2026 and is treated as “furnished” rather than “filed,” which limits its exposure to certain Exchange Act liabilities and means it is not automatically incorporated into other securities law filings unless specifically referenced.

Trump Media & Technology Group Corp. is providing an update on its proposed merger with TAE Technologies, Inc. The company plans to file a Form S-4 registration statement with the SEC to register Trump Media common stock to be issued in the transaction, which will include a combined proxy statement, prospectus and consent solicitation statement for Trump Media shareholders and TAE stockholders.

Investors are urged to read the Form S-4 and related documents when available, as they will contain important information about both companies, the merger terms and related risks. The communication explains that directors and executive officers of both companies may be deemed participants in the proxy solicitation and directs investors to existing SEC filings for details on their interests. It also includes extensive forward-looking statement disclosures outlining risks that could affect completion and outcomes of the merger and clarifies that this communication is not an offer to buy or sell securities or a solicitation of any vote or approval.

Trump Media & Technology Group Corp. and TAE Technologies have begun planning site selection for what they describe as the first fusion power plant based on TAE’s technology. The initial plant is anticipated to deliver about 50 MWe and, after required approvals and closing of their previously announced all‑stock merger valued at more than $6 billion, construction is expected to start in 2026. Future fusion plants are expected to target 350–500 MWe, aiming to provide carbon‑free electricity and industrial heat without traditional nuclear meltdown or waste risks. The combined company, with Devin Nunes and Dr. Michl Binderbauer as co‑CEOs, is expected to close the merger in mid‑2026, subject to shareholder and regulatory approvals, while both companies continue to operate independently until then.