Overview
- TMTG disclosed it is evaluating a separation of Truth Social into a new public entity, with shares to be distributed to existing shareholders under a proposed SpinCo structure.
- The plan contemplates combining the spun‑off company with Texas Ventures Acquisition III, a special purpose acquisition company formed in 2024.
- TMTG, TAE Technologies and Texas Ventures III said no definitive agreement exists and any deal would require board, regulatory and shareholder approvals.
- The company said the separation would follow completion of its all‑stock merger with fusion firm TAE Technologies and is intended to unlock value by creating focused operations.
- DJT shares were little changed to down about 2% near $11 after the announcement, as investors weighed widened 2025 losses and sizable Bitcoin holdings reported in recent filings.