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00:02Trump Media and Technology Group and TAE Technologies filed a Form S-4 registration
00:07statement with the SEC, advancing their proposed all-stock merger, according to Benzinga.
00:12Under the agreement announced in December, shareholders of each company would own about
00:1650% of the combined business on a fully diluted basis. The merger would pair Trump Media's
00:22balance sheet with TAE's fusion, power solutions, and life sciences businesses.
00:26The combined company would develop commercial fusion energy and target rising electricity
00:31demand, including power needs tied to artificial intelligence.
00:34The registration statement includes a preliminary proxy statement and prospectus from Trump Media
00:39and a consent solicitation statement from TAE.
00:42The filing has not yet been declared effective by the SEC. Trump Media and Technology shares
00:48were trading 0.44% higher at $9.10 in Thursday's pre-market trading, according to data from Benzinga
00:55Pro. For all things money, visit Benzinga.com.
