The merger agreement between Trump Media & Technology Group and TAE Technologies, announced in December 2025 as an all-stock transaction valued above $6 billion with roughly equal post-deal ownership, set an expected close in mid-2026 subject to shareholder approval, SEC registration, and regulatory clearances. The September 30, 2026 filing of the Form S-4 registration statement and concurrent amendment to a $200 million convertible note advanced the process, with a second funding tranche available through late November. No closing announcement occurred by the July 31 cutoff, consistent with the procedural timeline extending into the fourth quarter of 2026 and standard conditions such as proxy solicitation and vote completion remaining outstanding. Trader consensus on timing reflects these sequential regulatory and corporate steps rather than any accelerated resolution.