Trump Media & Technology Group and TAE Technologies said Thursday that the U.S. Securities and Exchange Commission has declared effective the Form S-4 registration statement covering their planned all-stock merger, a key regulatory milestone that clears the way for a shareholder vote next month.
The companies, which announced their proposed merger in December 2025 in a deal valued at more than $6 billion, filed an amended registration statement earlier this week. On Thursday, the SEC declared it effective.
Trump Media scheduled a special stockholder meeting for December 14, 2026, at 9:15 a.m. Eastern Time where TAE stockholders are expected to approve the deal by written consent. The companies say they anticipate closing by year-end, subject to remaining approvals.
Under the terms of the December 2025 agreement, shareholders of each company are expected to own approximately 50% of the combined firm on a fully diluted basis. TAE would become a wholly owned subsidiary of Trump Media, which would remain the publicly traded holding company under the ticker DJT. Trump Media has committed up to $300 million in cash financing to support TAE’s development work.
Trump Media operates the Truth Social social-media platform, the Truth+ streaming service, and the Truth.Fi financial-services brand. The company has described its mission as providing an alternative to major technology platforms it says restrict free expression.
TAE Technologies, founded in 1998 and formerly known as Tri Alpha Energy, is a private fusion-energy developer based in California. It has raised more than $1.6 billion from investors including Google, Chevron Technology Ventures, and Goldman Sachs, and has built multiple generations of experimental reactors.
Fusion works by combining the nuclei of light atoms at extreme temperatures to release energy, similar to the process that powers the sun. Unlike conventional nuclear fission reactors that split heavy uranium atoms and produce long-lived radioactive waste, TAE’s approach uses a hydrogen-boron fuel cycle intended to generate power with minimal radioactive byproducts and no meltdown risk. The company also applies related technologies in power management for high-demand uses such as AI data centers and in cancer therapy through boron neutron capture therapy. TAE says it aims to demonstrate net energy from a prototype plant in the early 2030s.
In the original 2025 announcement, then-CEO Devin Nunes described fusion as “the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s,” citing potential benefits for energy prices, AI-related power demand, manufacturing, and national defense. Plans outlined at the time included building a utility-scale demonstration plant.
To date, no commercial fusion plant has produced electricity for the grid, and the companies have noted that success depends on continued technical progress. The registration statement and proxy materials filed with the SEC contain detailed risk factors, ownership calculations, and voting procedures.
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Christina Botteri is the Executive Editor of The Tennessee Star and The Star News Network. Follow her on X at @christinakb.
Photo “Fusion Power Plant” by TAE.
