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.
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.
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.
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.
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.
“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. Reuters
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.
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.
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.
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.
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.
