00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Trump Media and TAE Technologies reaffirmed their commitment Wednesday to completing
00:07their previously announced merger, targeting a fourth quarter 2026 close or earlier,
00:12according to Benzinga. The companies also disclosed they will not pursue a previously
00:17explored spinoff of Trump Media's media assets, including Truth Social, into a newly public
00:22company that would have later merged with Texas Ventures Acquisition 3. After the merger closes,
00:28the Combined Companies Board will evaluate strategic alternatives for legacy business units
00:32with a focus on enhancing shareholder value. Trump Media shares have fallen 61.7%
00:38over the past 12 months and remain below all major moving averages.
00:43Shares were down by 3.43% at $7.88 in Thursday's pre-market trading,
00:48according to data from Benzinga Pro. For all things money, visit Benzinga.com.
Comments