Trump Media Considers Spinning Off Truth Social Into New Public Company

[johnblockbuster]

Trump Media & Technology Group is weighing a major corporate restructuring that could see its flagship platform, Truth Social, spun off into a separately traded public company. The move is being discussed alongside a potential deal involving fusion energy startup TAE Technologies and special purpose acquisition company Texas Ventures Acquisition III.

The talks build on a previously announced $6 billion merger agreement between Trump Media and TAE Technologies. If completed, Truth Social could be separated into a new entity dubbed “SpinCo,” which would then merge with Texas Ventures III, with shares distributed to existing Trump Media shareholders. The restructuring could allow the parent company to sharpen its focus on fintech, crypto, and energy ventures.

[lingriiddd]

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