US Stock Market Move | Trump Media & Technology Group (DJT.US) surged 26% before the market opened. The company plans to acquire the nuclear fusion startup company TAE.

On Thursday, Trump Media & Technology Group Corp (DJT.US) surged 26% in pre-market trading to $13.20. In terms of news, Trump Media & Technology Group Corp (Trump Media & Technology Group Corp, also known as TMTG) has signed a final merger agreement with the fusion energy startup TAE Technologies, with the estimated valuation of this all-stock deal exceeding $6 billion. According to the terms of the agreement, TMTG and TAE will merge, with existing shareholders of both parties each holding approximately 50% of the shares in the new company on a fully diluted basis. To support the transaction, TMTG will provide up to $200 million in cash to TAE at signing, and an additional $100 million in funding after submitting the S-4 filing. The aim of this merger is to create one of the first publicly listed fusion energy companies in the market. It is reported that the merged company plans to select a site in 2026 and begin construction of a utility-scale fusion power plant. Management stated that this strategic move is aimed at addressing the significant energy demand brought about by the development of artificial intelligence and is committed to establishing the United States' position as a leader in energy security.