Trump Media & Technology Group Corp. · NASDAQ:DJT
Trump Media & Technology — Merger or Acquisition (January 2026)
24 slides from Trump Media & Technology's merger presentation, Jan 20, 2026
Slide 1: Advancing American Fusion: TMTG to merge with TAE in $6B transaction
ANTICIPATED 2026 MILESTONES: Planning site location for first fusion power plant Expected Transaction close, pending regulatory approvals Begin construction of its first fusion power plant, which is expected to produce 50 MWe COMBINED COMPANY CAPITALIZED TO FUND ITS FIRST UTILITY-SCALE FUSION PLANT
Slide 2: Our expected path to power
2026 SITE LOCATION, CLOSE TRANSACTION, BEGIN CONSTRUCTION 2029 FIRST PLASMA EXPECTED, MARKING TRANSITION TO PRE-COMMERCIAL OPERATIONS 2030 NET ENERGY CAPABILITY EXPECTED TO VALIDATE ECONOMIC VIABILITY 2031 INITIAL FACILITY POWER OPERATIONS, SUCCESS ANTICIPATED TO PAVE WAY FOR ADDITIONAL POWER PLANTS
Slide 3: Q&A
Q&A Is fusion power safe? Fusion is the same process that powers the sun. It is environmentally friendly, safe, and capable of sustaining the planet for thousands of years. TAE is pursuing fusion using hydrogen-boron fuel because it is abundant and non-radioactive, making a safe and sustainable opti
Slide 4: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements, other than statements of present or historical fact included in this presentation, regarding Trump Media and Technology Group Corp.’s (“TMTG”) proposed mergerwith TAE Technologies, Inc. (“TAE”), TMTG’s
Slide 5: TMTG to Merge with TAE
TMTG to Merge with TAE Advancing America’s energy dominance and powering the A.I. revolution
Slide 6: Disclaimer
Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements. All statements, other than statements of present or historical fact included in this presentation, regarding Trump Media and Technology Group Corp.’s (“TMTG”) proposed merger with TAE Technologies, Inc. (“
Slide 7: Transaction highlights
Transaction highlights All Stock Transaction TMTG/TAE: approximately 50% each, on a fully diluted basis Pro forma Ticker: DJT (NASDAQ & NYSE Texas) Pro forma Company capitalized to fund first utility-scale fusion plant while continuing to grow differentiated media and technology franchises TAE has d
Slide 8: Strategic rationale for the merger
TMTG: Experience with large capital raises and complex regulatory processes TMTG: Publicly listed on NASDAQ and NYSE Texas TMTG: Mission of America-first investments solidified through TAE deal TAE: 27 years of fusion research, five fusion reactors TAE: 400 employees, 62 Ph.Ds, over 1,600 patents gr
Slide 9: Pro forma company to deliver clean, affordable, reliable fusion energy
Pro forma company to deliver clean, affordable, reliable fusion energy Recognized global leader in fusion power Five reactors built to date Targeting utility-scale power generation Future plants to be scaled to 350 – 500 MWe Fusion energy to meet A.I.-driven demand TAE’s proprietary technology is sa
Slide 10: Next-Generation Fusion Technology
Next-Generation Fusion Technology
Slide 11: Overview of Fusion Energy
Overview of Fusion Energy Under intense pressure, smaller nuclei are joined together to form larger nuclei This process releases huge amounts of heat, which can be converted to electricity The electricity produced by fusion would support high-availability and environmentally sustainable baseload pow
Slide 12: Fusion Energy Technologies
Fusion Energy Technologies FRC enables efficient fusion with high plasma pressure and magnetic efficiency Source: Cleantech Group, “Sector Insights: Nuclear Fusion.” March 2023. PLASMA CONFINEMENT COMBINATION PLASMA COMPRESSION TAE Norm Reactor Steady-state magnetic confinement of low-density plasma
Slide 13: TAE delivers high quality plasma confinement at high power output
TAE delivers high quality plasma confinement at high power output TAE power plants to fuse hydrogen and boron to produce helium and energy Containment vessel wall heats up from energetic light emanating from the core Walls are cooled through network of pipes that transfers heat to steam generators S
Slide 14: The hydrogen-boron fuel cycle increases durability and lowers costs
The hydrogen-boron fuel cycle increases the durability and useful life of our plants, lowers the feedstock costs, and culminates in a cost competitive product Fuel Matters Tritium costs remain extremely high—$30,000/g commercially (Canada, 2018) and $40,000–$60,000/g(1) at Watts Bar—with breeding in
Slide 15: New pathway to commercialization after Norm breakthrough
New pathway to commercialization after Norm breakthrough 2025—2031 First Fusion Power Plant 1998—2005 Component R&D Era A, B, C-1 1998 – 2005 Plasma core & fuel injection established 6’ 2006—2012 Concept Validation C-2 2006 – 2012 First full-scale, integrated machine 70’ 100’ Norman 2016—2022 “Hot E
Slide 16: Robust IP position and track record of success
Robust IP position and track record of success 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CEO Dr. Michl Binderbauer holds >100 patents, and has published in the world’s
Slide 17: Path to Scalable Deployment
Path to Scalable Deployment
Slide 18: TAE is a clear leader to accelerate American fusion's path to power
TAE is a clear leader to accelerate American fusion’s path to power Fusion: no long-lived radioactive waste, no pollution, uses readily available, cost-effective fuels Breakthrough reactor design: smaller, less expensive, easier to build and operate Targeting delivery of fusion-generated electricity
Slide 19: Pro forma Company to advance Da Vinci project in 2026
Pro forma Company to advance Da Vinci project in 2026 TMTG’s balance sheet to help fund the first utility-scale 50 MWe power plant Post close, Company plans to site and construct its first utility-scale fusion power plant, in accordance with the following target milestones: Da Vinci power plant – TA
Slide 20: Derisked financing clears path to commercialization
Derisked financing clears path to commercialization Transaction to bolster U.S.-leadership position in nuclear fusion technology and deployment $3.1 B of financial assets on balance sheet as of third quarter 2025 Capitalization will allow for initial site selection and commencement of construction i
Slide 21: American fusion to address A.I. industry's call for power
3,000 2,500 3,500 4,000 4,500 6,500 6,000 5,500 5,000 American fusion to address A.I. industry’s call for power 2028 2032 2036 2040 Source: WoodM ackenzie as of 5/ 21/2 025 . Total U.S. Power Demand(1) 0.76% CAGR (2012 -2024) 2.14% CAGR (2025-2040) December 15, 2025 2012 2016 2020 2024 Proprietary a
Slide 22: Skilled, diverse Board of Directors
Company to have majority-independent nine-member board, including Schwab, Binderbauer, Nunes, and Trump, Jr.; plan to assemble advisory board comprised of specialists with diverse backgrounds and experiences Governance: Skilled, diverse Board of Directors Michael B. Schwab Board Chair Michael B. Sch
Slide 23: Proven, experienced leadership
Proven, experienced leadership Michl Binderbauer, PhD Co-CEO, Board Member Devin Nunes Co-CEO, Board Member Chairman of the President’s Intelligence Advisory Board and former Chairman of the House Intelligence Committee 25 years of experience in public service addressing defense, intelligence, energ
Slide 24: Important Information About the Proposed Transaction
TMTG to Merge with TAE Advancing America’s energy dominance and powering the A.I. revolution Important Information About the Proposed Transaction and Where to Find It In connection with the proposed transaction, Trump Media & Technology Group Corp. (“TMTG”) intends to file with the U.S. Securities a
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