Trump Media & Technology Group (TMTG), TAE Technologies, and Texas Ventures Acquisition III have announced they are in discussions regarding a potential restructuring that would involve spinning off Truth Social and related TMTG operations into a newly formed publicly-traded entity. Under the proposed transaction framework, TMTG would first merge with TAE Technologies, after which Truth Social and associated business units would be separated into a new company, referred to as SpinCo, which would subsequently merge with Texas Ventures Acquisition III.
According to the announcement, TAE Technologies' existing business operations and certain TMTG assets would remain with the current publicly-traded company following the merger. The proposed structure would create two separate public entities from the combined organization, allowing investors to hold stakes in either or both companies depending on their investment preferences.
The three parties emphasized that the discussions remain preliminary and no definitive agreement has been finalized. The companies cautioned investors that there is no guarantee the proposed transaction will be completed, as the discussions are ongoing and subject to further negotiations, due diligence, and customary closing conditions. Additional details regarding timing, structure, and final terms are expected to be disclosed if the parties reach a definitive agreement.