Deep Tide TechFlow News, February 27, According to Globenewswire, Trump Media & Technology Group (TMTG) announced ongoing negotiations with TAE Technologies and Texas Ventures Acquisition III Corp. regarding a potential transaction. Under the proposed plan, after the previously announced merger between Trump Media & Technology Group and TAE is completed, some businesses, including Truth Social, may be spun off into a new publicly listed company. After the transaction, TAE’s related businesses and some existing businesses and assets of Trump Media & Technology Group will remain within the current listed company.
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Trump Media & Technology Group and TAE are discussing spinning off Truth Social and establishing a new publicly listed company
Deep Tide TechFlow News, February 27, According to Globenewswire, Trump Media & Technology Group (TMTG) announced ongoing negotiations with TAE Technologies and Texas Ventures Acquisition III Corp. regarding a potential transaction. Under the proposed plan, after the previously announced merger between Trump Media & Technology Group and TAE is completed, some businesses, including Truth Social, may be spun off into a new publicly listed company. After the transaction, TAE’s related businesses and some existing businesses and assets of Trump Media & Technology Group will remain within the current listed company.