Trump Media discusses potential Truth Social spin-off transaction

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Go back to Trump Media discusses potential Truth Social spin-off transaction

Trump Media & Technology Group, TAE Technologies, and Texas Ventures Acquisition III Announce Discussions Regarding Spin-Off of Truth Social

February 27, 2026 8:30 AM EST

SARASOTA, Fla., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (TMTG), TAE Technologies, Inc. (TAE), and Texas Ventures Acquisition III Corp. (Nasdaq: TVA) (Texas Ventures III) today announced that they are engaged in ongoing discussions regarding a potential spin-off by TMTG of businesses including Truth Social into a new publicly-traded company (SpinCo) following the closing of the previously announced pending merger transaction between TMTG and TAE. In this contemplated transaction, shares of SpinCo would be distributed to shareholders of record of TMTG from prior to the... More