Trump Media & Technology To Merge With TAE Technologies In Over $6 Billion All-Stock Deal

Dec 18 (Reuters) - Trump Media & Technology Group Corp DJT.O:

• TRUMP MEDIA & TECHNOLOGY GROUP TO MERGE WITH TAE TECHNOLOGIES, A PREMIER FUSION POWER COMPANY, IN ALL-STOCK TRANSACTION VALUED AT MORE THAN $6 BILLION

• TRUMP MEDIA & TECHNOLOGY: COMBINED COMPANY EXPECTS TO SITE AND COMMENCE CONSTRUCTION OF FIRST UTILITY-SCALE FUSION POWER PLANT IN 2026

• TRUMP MEDIA & TECHNOLOGY - TAE & TMTG SHAREHOLDERS WILL EACH OWN ABOUT 50% OF COMBINED COMPANY AT CLOSING, STATED ON A FULLY DILUTED EQUITY BASIS.

• TRUMP MEDIA & TECHNOLOGY: UPON CLOSING, CO TO BE HOLDING COMPANY FOR TRUTH SOCIAL, TRUTH+, TRUTH.FI, TAE, TAE POWER SOLUTIONS & TAE LIFE SCIENCES

• TRUMP MEDIA & TECHNOLOGY: TRANSACTION VALUES EACH SHARE OF TAE COMMON STOCK (ON A FULLY DILUTED BASIS) AT $53.89 PER SHARE

• TRUMP MEDIA & TECHNOLOGY - NUNES AND BINDERBAUER WILL SERVE AS CO-CEOS OF COMBINED COMPANY

• TRUMP MEDIA & TECHNOLOGY - NUNES WILL CONTINUE TO LEAD ALL TRUMP MEDIA BRAND OPERATIONS; BINDERBAUER WILL MANAGE TAE TECHNOLOGIES

• TRUMP MEDIA & TECHNOLOGY: COMBINED CO TO BE MANAGED BY 9-MEMBER BOARD, COMPRISED OF TWO DIRECTORS FROM TMTG-INCLUDES NUNES AND DONALD J. TRUMP JR.

• TRUMP MEDIA & TECHNOLOGY: MICHAEL B. SCHWAB EXPECTED TO BE NAMED CHAIRMAN OF A PLANNED NINE-MEMBER BOARD OF DIRECTORS