The proposed all-stock merger between Trump Media & Technology Group (DJT) and TAE Technologies, announced in December 2025, aimed for roughly equal ownership split upon closing and targeted a mid-2026 or fourth-quarter 2026 timeline subject to SEC review, shareholder approvals, and other conditions. As of late September 2026, the companies filed a Form S-4 registration statement with the SEC—a required step that has not yet become effective—while also amending a convertible note to provide TAE up to $300 million in potential funding. Trump Media would remain the public entity with shares trading under DJT, and TAE would operate as a subsidiary focused on fusion energy, power solutions, and related technologies. No closing occurred by the July 31 cutoff, leaving regulatory effectiveness, proxy solicitations, and final approvals as remaining hurdles that could still shift completion into later 2026.