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TAE Technologies and Trump Media file merger registration; the combined company would be publicly traded
TAE Technologies and Trump Media & Technology Group filed a Form S-4 registration statement with the SEC on September 30, 2026, for the all-stock merger they agreed in December 2025. Each side would hold about half of the combined company, which would be publicly traded. The registration is not yet effective, so the merger securities cannot be sold yet.
- The merger agreement was signed on December 18, 2025; the S-4 includes Trump Media's preliminary proxy statement and TAE's consent solicitation statement.
- Ownership: roughly 50% each on a fully diluted basis; no exchange ratio or deal value is given.
- The combined company would run three units: Fusion, Power Solutions (fusion-derived power control for AI compute, sold as TAE PowerFabric) and Life Sciences (boron neutron capture therapy for radiation treatment).
- No closing date is given; completion needs shareholder, stockholder and regulatory approvals plus other conditions.