💨 Abstract

Trump Media and Technology Group (TMTG), the parent company of Truth Social, is merging with TAE Technologies, a fusion power company, in an all-stock transaction valued at over $6 billion. This move expands TMTG's reach into the fusion power sector amid increasing demand for electricity due to the AI boom. TMTG, which went public via a SPAC merger, has struggled financially but has significant assets from cryptocurrency investments.

Courtesy: techcrunch.com