New York, June 13, 2026, 11:09 (ET)
- DJT finished Friday at $7.80, off 5.45%. That’s just above its 52-week low of $7.75.
- Trump Media and TAE Technologies dropped plans for a Truth Social spinoff. The two are sticking with a planned merger, now aiming to close in the fourth quarter of 2026 or earlier.
- Trump Media’s stock trades with big risks today. The company holds a large financial-asset base, but revenue is low and losses are steep. Merger dilution and heavy volatility are still key concerns for the stock.
Trump Media & Technology Group Corp. (DJT) fell 5.45% to close at $7.80 on Friday, Google Finance showed. After hours, the stock changed hands at $7.89. Shares remained close to their 52-week low of $7.75. Market cap stood around $2.16 billion, with about 4.16 million shares traded, in line with typical volume. DJT’s drop stood out as both the S&P 500 and Nasdaq Composite closed higher for the session on June 12.
DJT is under more pressure this week as the market weighs the June 10 update with TAE Technologies. Trump Media and TAE told the SEC they’re still working to close their planned merger, aiming for a fourth-quarter 2026 finish or earlier. The companies also said talks about spinning off some media assets, including Truth Social, into another public company have ended.
That’s a factor for the stock since losing the spinoff takes away a way for investors to value Truth Social separate from the planned TAE deal. Reuters said the companies didn’t specify why they dropped the spinoff idea. By the June 10 announcement, DJT shares were down more than 38% for the year. The TAE transaction, worth over $6 billion in stock, would shift Trump Media into fusion energy, which is linked to long-term electricity demand for heavy industry and AI data centers.
The next big step is the merger paperwork and the shareholder process. Trump Media said it plans to file a Form S-4, the registration statement for issuing shares in a merger. The filing will contain proxy materials for investors. The deal still needs several approvals and must meet closing conditions, such as shareholder votes, SEC clearance of the registration statement, listing approvals, and no legal hurdles.
Supporters see Trump Media’s balance sheet as a plus. The company reported $2.2 billion in total assets in the first quarter, with about $2.1 billion in financial assets. Operating cash flow came in at $17.9 million, meaning it generated that much cash from its businesses during the period. Bulls say this cash cushion gives Trump Media room to keep working on Truth Social, Truth+, Truth.Fi and the TAE merger, without having to worry right away about running out of money.
The bear case is mostly about size. Trump’s media business is still tiny for its stock price. For the first quarter, Trump Media brought in just $0.9 million in revenue and booked a $405.9 million net loss. Google Finance shows negative EPS at $3.92. The price-to-earnings ratio doesn’t really work here because the company has no profit. The stock’s beta is 4.07, so it’s traded much more wildly than the wider market.
Investors face dilution and swings in asset values. Trump Media’s annual filing puts the expected share issue to TAE shareholders at about 276 million, meaning a bigger share count and potential dilution for earlier holders. The company is exposed to bitcoin and Cronos digital assets. Its quarterly filing lists covered-call options on 4,000 bitcoin with a June 2026 expiry. Reports could move with digital-asset prices.
DJT carries risk today, not an obvious upside or good value call. Bulls have an event angle with the balance sheet change and the TAE merger, but the numbers are still tough to square with the stock’s current revenue and profit. Progress relies on getting the merger done, shareholder signoff, how much the market wants fusion-energy names, and digital asset swings. Important things to track: the Form S-4 filing, when the shareholder vote lands, any word on Q2 revenue and cash, and if DJT can stay above its 52-week low after dropping Friday.
