Recent Updates — DJT
Trump Media & Technology Group Corp. filed a Form S-4 registration statement with the SEC on September 30, 2026, advancing its previously announced all-stock merger with TAE Technologies, Inc. The transaction will result in a combined company where shareholders of both entities own approximately 50% each on a fully diluted basis. Concurrently, TMTG and TAE executed an Amended and Restated Unsecured Convertible Promissory Note with an initial principal amount of $200 million, representing the first tranche of funding for the merger. The note allows for an additional $100 million drawdown during a period ending November 29, 2026 or upon termination of the merger agreement. Interest accrues at 7% per annum as payment-in-kind and converts automatically upon TAE's qualified financing exceeding $300 million or other specified events. Trump Media & Technology Group Corp. operates in the media and technology sector, primarily known for its social media platform Truth Social.
Trump Media & Technology Group Corp. reported financial results for the quarter ended June 30, 2026, posting a net loss of $238.1 million and an Adjusted EBITDA loss of $223.5 million. The company holds total assets of $2.0 billion, including approximately $1.9 billion in financial assets. Revenue increased 89% year-over-year to $1.7 million, driven by the August 1 launch of Truth API, a new data licensing product that has already secured over ten customer agreements. Management highlighted substantial resolution of legacy legal matters and progress toward a prospective merger with TAE Technologies expected in Q4 2026. The company operates in the social media, digital streaming, and financial technology sectors.
Trump Media & Technology Group terminated two strategic agreements with Crypto.com and Yorkville Acquisition Corp., ending plans for a joint CRO treasury venture and the integration of prediction markets into Truth Social. Interim CEO Kevin McGurn cited market saturation and shifting priorities as drivers for refocusing on the company's core media operations and its pending merger with fusion energy firm TAE. While the America First ETFs branded as Truth Social Funds will continue, Trump Media is scaling back direct involvement in digital asset infrastructure to concentrate on data licensing and API services. The company operates in the social media and technology sector.
Trump Media & Technology Group filed a Form 8-K under Regulation FD to furnish a Financial Times article titled “Kevin McGurn, the executive turning Trump's post into a media empire.” The filing does not endorse or adopt statements from the article, which features an interview with Interim CEO Kevin McGurn. The article discusses TMTG’s launch of a premium Truth API data feed for high-speed access to social media posts and its ongoing $6 billion merger with nuclear fusion company TAE Technologies. It also notes TMTG's net loss of $712.3 million in 2025, driven by digital asset valuation changes, and its corporate treasury holdings. Trump Media & Technology Group operates in the technology and social media industry, owning the Truth Social platform.