Business
Trump Media & Technology Group, TAE Technologies, and Texas Ventures Acquisition III Announce Discussions Regarding Spin-Off of Truth Social
SARASOTA, Fla., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“TMTG”), TAE Technologies, Inc. (“TAE”), and Texas Ventures Acquisition III Corp. (Nasdaq: TVA) (“Texas Ventures III”) today announced that they are engaged in ongoing discussions regarding a potential spin-off by TMTG of businesses including Truth Social into a new publicly-traded company (“SpinCo”) following the closing of the previously announced pending merger transaction between
About this update from Trump Media & Technology Group Corp.
[{"type":"text","content":"SARASOTA, Fla., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“TMTG”), TAE Technologies, Inc. (“TAE”), and Texas Ventures Acquisition III Corp. (Nasdaq: TVA) (“Texas Ventures III”) today announced that they are engaged in ongoing discussions regarding a potential spin-off by TMTG of businesses including Truth Social into a new publicly-traded company (“SpinCo”) following the closing of the previously announced pending merger transaction between TMTG and TAE. In this contemplated transaction, shares of SpinCo would be distributed to shareholders of record of TMTG from prior to the closing of the merger with TAE, and thereafter SpinCo would merge with Texas Ventures III.","length":733,"tagName":"p"},{"type":"text","content":"The TAE businesses, along with certain of TMTG’s existing businesses and assets, would remain with the current public company (TMTG) following the completion of the spin-off. The previously announced merger will combine the strength of TMTG’s existing robust balance sheet with TAE’s leading technologies. The contemplated transaction is intended to create shareholder value through the creation of pure play companies, each with distinct strategies.","length":450,"tagName":"p"},{"type":"text","content":"Cautionary Statement About Today’s Announcement ","length":47,"tagName":"p"},{"type":"text","content":"TMTG, TAE, and Texas Ventures III caution that no definitive agreement has been reached and discussions are still ongoing. They also note that there can be no assurance that any transaction will result from these discussions, on what terms any transaction may occur, or the timing of any such discussions or transaction. Any definitive agreement(s) would be subject to the approval of the respective companies’ boards, regulatory and shareholder approvals, as well as other customary closing conditions.","length":503,"tagName":"p"},{"type":"text","content":"About Trump Media & Technology Group","length":40,"tagName":"p"},{"type":"text","content":"The mission of TMTG is to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations; Truth+, a TV streaming platf...