Trump Media abandons Truth Social spin-off, focuses on TAE merger
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Trump Media & Technology Group and TAE Technologies Provide Update on Merger
June 10, 2026 8:30 AM EDTSARASOTA, Fla., June 10, 2026 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (Nasdaq: DJT) (TMTG) and TAE Technologies, Inc. (TAE) today announced that they remain focused on completing their previously-announced merger (the TAE Merger) as soon as possible, with the goal of closing the transaction in the fourth quarter of 2026 or sooner.
Additionally, as previously disclosed on February 27, 2026, TMTG, TAE and Texas Ventures Acquisition III (Nasdaq: TVA) (Texas Ventures III) have been engaged in discussions regarding a potential spin-off of certain TMTG media assets, including Truth Social, into a new publicly... More
