Trump Media & Technology Group Corp. and TAE Technologies Inc. remain focused on completing their previously announced merger, targeting a closing in the fourth quarter of 2026 or earlier. The companies confirmed their commitment to finalizing the transaction, referred to as the TAE Merger, as quickly as possible.

The companies also ended discussions regarding a separate proposal involving Texas Ventures Acquisition III. As previously disclosed on Feb. 27, 2026, Trump Media, TAE Technologies, and Texas Ventures Acquisition III had explored a transaction to spin off certain Trump Media media assets, including Truth Social, into a newly public company. This entity could have later merged with Texas Ventures Acquisition III following the completion of the TAE Merger. After further review, the parties decided not to pursue the proposed spin-off at this time.

Following the completion of the merger, the board of directors of the combined company will evaluate potential strategic alternatives for its legacy business units. This review will include Trump Media's media assets and focus on opportunities to enhance shareholder value.

Stock Performance

Trump Media stock traded lower by more than 2% on Wednesday, weighed down by broader market weakness and a long-term downtrend. The Nasdaq Composite fell 1.21%, while the S&P 500 declined 0.94%. The longer-term trend remains negative, with DJT losing 61.7% over the past 12 months and trading below all major moving averages.

The stock is trading 6.4% below its 20-day simple moving average and 35.3% below its 200-day simple moving average. The moving average structure remains bearish, with the 20-day average below the 50-day average and the 50-day average below the 200-day average. Momentum indicators suggest continued weakness, as the moving average convergence divergence indicator remains below its signal line. Key resistance stands at $8.56, while immediate support is at $7.76.