The merger agreement between Trump Media & Technology Group and TAE Technologies, signed in December 2025, targeted a mid-2026 close for the all-stock transaction that would create one of the first publicly traded fusion energy companies, with each side owning roughly 50% on a fully diluted basis. As of early October 2026, the companies filed a Form S-4 registration statement with the SEC on September 30, a required step toward effectiveness and shareholder approvals, but the document remained preliminary and not yet effective. Earlier updates pointed to a Q4 2026 target, subject to regulatory clearance and customary conditions, after the July 31 deadline passed without completion. Traders monitor SEC review timelines, any required amendments, and board or shareholder votes that could still determine whether the deal advances or faces delays.