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Stock impact report

Trump Media (DJT) Skyrockets 42% on $6-Billion Merger Plan [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
Trump Media soared by 41.93 percent on Thursday to close at $14.86 apiece as investors repositioned portfolios following news that it was set to merge with TAE Technologies, Inc. for $6 billion. In a statement, Trump Media & Technology Group Corp. (NASDAQ:DJT) said that it officially signed a definitive merger agreement with TAE Technologies to combine in an all-stock transaction, which is viewed to create one of the world's first publicly traded fusion companies. As part of the agreement, Trump Media & Technology Group Corp. (NASDAQ:DJT) would provide TAE with $200 million in cash at the signing date, and an additional $100 million upon the initial filing of Form S4 on mergers, acquisitions, and exchange offers to the Securities and Exchange Commission. After a successful merger, the combined company would immediately begin next year the construction of the world's first utility-scale fusion power plant, capable of powering 50 MWe. Thereafter, it would ramp up the expansion Show less Read more
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