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Gage Skidmore
According to TMTG’s press release, the possibility is currently being considered in discussions with TAE. The proposed transaction involves the separation of Truth Social, with shares of the company being given to TMTG shareholders based on their holdings recorded before the merger with TAE is finalized.
The spinoff assets are intended to be combined with Texas Ventures III, a publicly traded special-purpose acquisition company (SPAC) listed on Nasdaq.
In December of last year, TMTG declared a stock-swap merger with TAE, a fusion company, valued at more than $6 billion. The agreement was given the green light by the board members of both companies. The transaction is anticipated to finalize by mid-2026, subject to receiving necessary regulatory clearances. After the transaction was completed, the shareholders of TMTG and TAE were anticipated to each hold about 50% of the new combined company.
In a statement, TMTG stated that its other assets, along with TAE's business, will continue to be part of the publicly traded company, TMTG, after the spinoff of Truth Social.
No final decisions have been made yet, and discussions are still taking place, as stated in the statement.
TMTG also serves as the parent company for the streaming service Truth+ and the financial services platform Truth.Fi.
source: reuters.com
The spinoff assets are intended to be combined with Texas Ventures III, a publicly traded special-purpose acquisition company (SPAC) listed on Nasdaq.
In December of last year, TMTG declared a stock-swap merger with TAE, a fusion company, valued at more than $6 billion. The agreement was given the green light by the board members of both companies. The transaction is anticipated to finalize by mid-2026, subject to receiving necessary regulatory clearances. After the transaction was completed, the shareholders of TMTG and TAE were anticipated to each hold about 50% of the new combined company.
In a statement, TMTG stated that its other assets, along with TAE's business, will continue to be part of the publicly traded company, TMTG, after the spinoff of Truth Social.
No final decisions have been made yet, and discussions are still taking place, as stated in the statement.
TMTG also serves as the parent company for the streaming service Truth+ and the financial services platform Truth.Fi.
source: reuters.com
