Trump Media & Technology Group is exploring the possibility of separating its Truth Social platform into an independent publicly traded entity, according to a Friday announcement from the company.
The media company, established by President Donald Trump, is currently in talks with TAE Technologies and Texas Ventures Acquisition III regarding this potential restructuring.
The proposed plan would involve distributing shares of the newly independent company to current TMTG stockholders, followed by a merger with a special purpose acquisition company.
This restructuring would effectively divide TMTG’s social media operations from its recently revealed fusion energy business, creating two separate public companies with different business focuses.
TMTG, which operates the Truth Social platform targeting conservative users, has encountered difficulties expanding its media operations while competing against established social networks and dealing with inconsistent user engagement.
The company is now looking to expand beyond its primary Truth Social business and capitalize on investor enthusiasm for new energy technologies.
Company officials noted that no final agreement has been finalized regarding the separation, and negotiations continue.
TMTG stock declined more than 3% during afternoon market activity.
Last December, TMTG announced plans to combine with TAE through an all-stock transaction worth over $6 billion, representing a strategic shift toward fusion energy and establishing a public company dedicated to building commercial-scale power facilities to address growing electricity needs, particularly from artificial intelligence data centers.
TAE Technologies, based in California, is a private enterprise developing cutting-edge nuclear fusion technology that has secured over $1 billion in funding from backers including Google’s parent company Alphabet and energy giant Chevron.
The company specializes in fusion technology engineered to generate electricity while minimizing neutron radiation output, thereby reducing radioactive waste production.
