Trump Media & Technology Group (TMTG), TAE Technologies, and Texas Ventures Acquisition III announced ongoing discussions for a potential spin-off of Truth Social and related TMTG businesses into a new publicly-traded company (SpinCo) following TMTG's merger with TAE. SpinCo would subsequently merge with Texas Ventures III. TAE's businesses and certain TMTG assets would remain with the current public company. The companies caution that no definitive agreement has been reached and there is no assurance any transaction will occur.
Texas Ventures III would acquire SpinCo (Truth Social and related businesses) following the TMTG-TAE merger. The transaction is speculative with no definitive agreement, and the SPAC's ability to complete the deal depends on multiple regulatory and shareholder approvals.