Trump Media & Technology Group Considers Spinning Off "Truth Social"

PANews, February 27—According to Jinse Finance, Trump Media & Technology Group (DJT.O) is in discussions to spin off its assets, including the social media platform "Truth Social," to form a newly listed company. Previously, the company had completed a $6 billion merger plan with nuclear energy company TAE Technologies. The company stated that shares of the spun-off company will be distributed to registered shareholders of Trump Media & Technology Group before the completion of the TAE transaction, after which the spun-off company will merge with the special purpose acquisition company "Texas Ventures Acquisition III."

This spin-off aims to separate Trump Media & Technology Group's social media business from its investments in the commercial nuclear fusion sector, as the company seeks to leverage the surging demand for energy driven by the artificial intelligence boom for its own development. Both companies noted that negotiations are still ongoing and no final agreement has been reached.