Overview
- TMTG and fusion developer TAE said they remain focused on completing their previously announced merger and are targeting a close in the fourth quarter of 2026 or sooner.
- After further evaluation the companies decided not to proceed with a planned spin‑off of certain TMTG media assets, including Truth Social, at this time.
- TMTG intends to file a registration statement on Form S‑4 with the U.S. Securities and Exchange Commission and related proxy and prospectus materials to register the shares to be issued in the merger.
- The board of the combined company will be responsible, after the merger closes, for evaluating strategic alternatives for legacy units such as TMTG’s media and fintech assets.
- Investors have reacted with continued pressure on TMTG’s stock, which has fallen sharply year‑to‑date, reflecting concern about the media business, deal execution and the need for SEC approvals and shareholder votes.