NEW YORK, December 30, 2025, 08:05 ET — Premarket
- DJT was down about 0.8% in premarket trade after sliding 4.4% on Monday.
- The stock has stayed volatile since Trump Media’s surprise fusion-merger plan with TAE Technologies.
- Traders are watching for merger-related SEC filings and clarity on timing ahead of the regular session.
Trump Media & Technology Group Corp shares slipped in premarket trading on Tuesday, with DJT last down about 0.8% at $13.06 as of 7:57 a.m. ET. The stock closed Monday down 4.4% at $13.16. 1
The move keeps the spotlight on a retail-trader favorite that has swung sharply since the company unveiled a deal to combine with nuclear fusion developer TAE Technologies earlier this month. 2
Why it matters now: the transaction is expected to take months to clear regulators and shareholders, leaving the stock trading on headlines and thin year-end liquidity. Investors are also weighing Trump Media’s cash commitment to the deal against its core social-media business. 2
Monday’s session ranged from $13.13 to $13.65 and drew about 8.9 million shares of volume, StockAnalysis.com data showed. DJT’s premarket print sat below Monday’s low. 1
Trump Media and TAE said the transaction is an all-stock deal valued at more than $6 billion and is expected to close in mid-2026, subject to approvals. In an all-stock deal, the buyer pays with shares rather than cash; the companies also referenced VWAP, or volume-weighted average price, a common measure of the average trading price. 3
“Trump Media gets a dramatic new growth story tied to the AI power crunch,” Michael Ashley Schulman, partner and chief investment officer at Running Point Capital Advisors, said in a note on the announcement. 2
The pitch hinges on booming electricity demand from data centers, but fusion remains years from commercial use and has yet to produce a widely proven, profitable reactor. Reuters reported on the deal announcement that broader interest in nuclear power has revived as technology firms chase reliable power supply. 2
Trump Media’s financial profile has also kept skeptics active. The company reported a wider quarterly loss and a decline in revenue in its most recently reported quarter, Reuters reported in November. 4
The broader tape may not help. U.S. stock index futures steadied early Tuesday after a tech-led selloff in the prior session, with investors bracing for light trading volumes into the New Year’s holiday and watching for Federal Reserve meeting minutes for clues on rates. 5
For DJT, the next concrete milestone is paperwork. The companies have said Trump Media would provide up to $200 million in cash at signing and another $100 million upon the initial filing of a Form S-4 — the SEC registration statement used for stock-for-stock mergers — alongside the proxy materials needed for a shareholder vote. 2
Earnings are another near-term checkpoint. MarketChameleon estimates Trump Media’s next results could land between Feb. 13 and Feb. 17, 2026, though it said the company has not announced a date. 6
