As a part of the deal TMTG has agreed to provide $200 million to TAE at signing and an additional $100 million is available upon filling of the Form S-4.
Upon closing of the deal, shareholders of DJT (TMTG Stock) will own 50% of the combined company on a diluted equity basis.
Previously, TAE has secured nearly $1.3 billion in private funding from a diverse group of investors. These private backers include major corporations and financial institutions such as Google, Chevron Technology Ventures, Goldman Sachs, and Sumitomo Corporation of Americas, as well as venture capital firm NEA, and prominent family offices, including those of Addison Fischer, the Samberg Family, and Charles R. Schwab.
The merger led to an increase of nearly 50% in DJT's price.
The merger offers the public markets their initial chance to invest in fusion companies. This distinct opportunity allows retail and professional investors to examine fusion technologies and speculate on the future success of these companies.
This merger is expected to bring greater transparency to the fusion sector, as public company disclosures will offer insight into the financial stability and investment viability of fusion companies worldwide. This event could also encourage other fusion companies to enter the public market through IPOs or mergers with established technology and energy firms.
Furthermore, increased coverage from industry experts and equity researchers will provide valuable analysis on fusion companies and the industry's trajectory, informed by scientific progress and financial backing.