Business Combination Prospectus (Form 425)

Filed by Trump Media & Technology Group Corp.

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: Trump Media & Technology Group Corp.

Commission File No.: 001-40779

Date: January 19, 2026

On January 19, 2026, TAE Technologies, Inc. created the following Q&A to facilitate discussions with analysts and investors.

On January 19, 2026, TAE Technologies, Inc. created the following one-pager to facilitate discussions with analysts and investors.

ANTICIPATED 2026 MILESTONES: Planning site location for first fusion power plant Expected Transaction close, pending regulatory approvals Begin construction of its first fusion power plant, which is expected to produce 50 MWe COMBINED COMPANY CAPITALIZED TO FUND ITS FIRST UTILITY-SCALE FUSION PLANT RECOGNIZED GLOBAL LEADER IN FUSION POWER: TAE has built five demonstration fusion reactors built to date TARGETING UTILITY-SCALE POWER GENERATION: Combined company anticipates scaling future plants to 350 - 500 MWe FUSION ENERGY TO MEET A.I.-DRIVEN DEMAND: TAE's proprietary technology is expected to provide economic, abundant and dependable electricity TAE'S TRACK RECORD OF INNOVATION ADVANTAGES FUTURE VALUE CREATION: 1H26 MID-26 YE26 DONALD TRUMP, JR. BOARD MEMBER PRO FORMA CO CEO BOARD CHAIR PRO FORMA CO CEO MICHL BINDERBAUER MICHAEL SCHWAB DEVIN NUNES TMTG CHAIRMAN, CEO PRO FORMA CO CEO TAE CO-FOUNDER, CEO PRO FORMA CO CEO PROVEN LEADERSHIP EXPERIENCED AND PROVEN BOARD OF DIRECTORS PRESTIGIOUS INVESTORS INCLUDING THE VISIONARY FAMILY OFFICES OF ADDISON FISCHER, THE SAMBERG FAMILY, CHARLES R. SCHWAB, STANLEY DRUCKENMILLER, AND MANY OTHERS. $1.3B RAISED TO DATE ADVANCING AMERICAN FUSION TRUMP MEDIA & TECHNOLOGIES GROUP TO MERGE WITH TAE TECHNOLOGIES IN $6B TRANSACTION An opportunity to advance American fusion to power the A.I. revolution 4 NOBEL PRIZE LAUREATES 7 MAXWELL PRIZE WINNERS ON STAFF AND ADVISORY 8+ U.S. DEPT. OF ENERGY AWARDS >1,600 PATENTS GRANTED 8 SCIENTIFIC AWARDS RECEIVED BY TAE CHIEF SCIENCE OFFICER 170,000+ EXPERIMENTS CONDUCTED

2026 SITE LOCATION, CLOSE TRANSACTION, BEGIN CONSTRUCTION 2029 FIRST PLASMA EXPECTED, MARKING TRANSITION TO PRE-COMMERCIAL OPERATIONS 2030 NET ENERGY CAPABILITY EXPECTED TO VALIDATE ECONOMIC VIABILITY 2031 INITIAL FACILITY POWER OPERATIONS, SUCCESS ANTICIPATED TO PAVE WAY FOR ADDITIONAL POWER PLANTS, EXPECTED TO BE SCALED 350 - 500 MWE TMTG'S STRONG BALANCE SHEET TO HELP FUND THE WORLD'S FIRST UTILITY-SCALE 50MWE POWER PLANT Da Vinci, seen in above rendering, is expected to use hydrogen-boron fuel to safely generate energy with no long-lived waste. This fuel expected to maximize the durability and lifetime of future power plants, lower feedstock costs, and culminate in a cost competitive product. OUR EXPECTED PATH TO POWER: SIGNIFICANT VALUE OPPORTUNITIES THROUGH TAE SUBSIDIARIES: Cutting-edge battery and power delivery systems, expected to maximize energy and reduce the levelized cost of storage Innovative, biologically targeted radiation therapy for cancer, currently in preclinical development

Q&A Is fusion power safe? Fusion is the same process that powers the sun. It is environmentally friendly, safe, and capable of sustaining the planet for thousands of years. TAE is pursuing fusion using hydrogen-boron fuel because it is abundant and non-radioactive, making a safe and sustainable option for operating and maintaining commercial fusion power plants. What is required to site the first power plant location; specific state and federal approvals? Key criteria include a minimum of 20 acres, with access to a primary distribution grid that can transport adequate electricity to and from the plant. TAE is also looking for a close proximity to a metropolitan hub, airport and pool of local talent, in addition to the presence of local and state governments that support energy production and fusion power and the ability to maintain sufficient security for infrastructure and personnel. In regard to federal approvals, the commissioners of the U.S. Nuclear Regulatory Commission voted unanimously in 2023 to establish fusion within Part 30 of the Atomic Energy Act (byproduct materials, classifying fusion alongside particle accelerators and medical devices - and removing it from any potential classification under Part 50 (utilization facilities that is used for fission. How do you produce electricity from fusion? How will power be integrated into the grid? We expect that in a TAE fusion power plant, hydrogen and boron atoms will fuse inside a stable, superhot plasma to produce energetic light that will warm the walls of the fusion machine's plasma confinement vessel and a network of pipes permeating this wall will help cool the machine's interior by absorbing that heat into a working fluid and ushering it to a steam generator, leveraging conventional technology. The steam spins a turbine that then drives an electric generator, similar to what happens in operating power plants today. TAE's unique fusion core is expected to supply a superior and pollution-free heat source for future fusion power plants. In future fusion power plant designs, TAE could explore direct energy conversion, bypassing the steam cycle. Current designs, using the steam cycle, could aid in adoption for operators. Q A Q A Q A Q Why is TAE Technologies pursuing fusion energy? TAE is on a mission to deliver clean fusion technology as fast as possible as a vital cost-competitive component of the future global energy supply. TAE is dedicated to developing a brand-new source of clean, abundant, sustainable, economic and dependable electric power. A Q What are the dimensions and operating conditions of TAE's current machine? TAE's current fusion machine, Norm, is the first known fusion machine to successfully generate a field-reversed configuration ("FRC" plasma using only neutral beam injection. Norm was developed from TAE's fifth-generation fusion research machine, Norman, a $150M National Laboratory-scale fusion device that was constructed from scratch and was approximately 80 feet long, 22 feet high, and weighed approximately 60,000 lbs. With Norm's ability to create an FRC plasma for fusion power generation with only neutral beams, it has a much smaller footprint- about 40 feet long. A

FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements, other than statements of present or historical fact included in this presentation, regarding Trump Media and Technology Group Corp.'s ("TMTG") proposed mergerwith TAE Technologies, Inc. ("TAE"), TMTG's ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, futureoperations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on current expectations andassumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "should," "will" and similar expressions areintended to identify forward-looking statements, though not all forward-looking statements contain these identifying words, and the absence of these words does not mean that a statement is not forward-looking. Such forward-lookingstatements include, but are not limited to, statements regarding TMTG's and TAE's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the anticipated timing andterms of the proposed transaction; plans for deployment of capital and the uses thereof; governance of the combined company; development and construction timelines; cost competitiveness of fusion-generated electricity; timing ofcommercialization of TAE's fusion technology and the technology of its subsidiaries; expectations regarding the time period over which the combined company's capital resources will be sufficient to fund its anticipated operations; plansfor research and development programs; and future demand for power (including from artificial intelligence). These forward-looking statements are based largely on TMTG's and TAE's current expectations. These forward- lookingstatements involve known and unknown risks, uncertainties and other important factors that may cause TMTG's or TAE's actual results, performance or achievements to be materially different from any future results, performance orachievements expressed or implied by the forward-looking statements, including, but not limited to, risks related to TMTG's or TAE's ability to demonstrate and execute on commercial viability of its technology; legal proceedings; abilityto obtain financing on acceptable terms or at all; changes in digital asset valuations; disruption to TMTG's or TAE's operations; TMTG's or TAE's ability to develop and maintain key strategic relationships; competition in TMTG's or TAE'sindustry; ability to access required materials at acceptable costs; delays in the development and manufacturing of fusion power plants and related technology; ability to manage growth effectively; possibility of incurring losses in thefuture and not being able to achieve or maintain profitability; potential generation capacities of specific reactor designs; safety and cleanliness of specific reactor designs; regulatory outlook; future market conditions; success of strategicpartnerships; developments in the capital and credit markets; future financial, operational and cost performance; revenue generation; demand for nuclear energy; economic outlook and public perception of the nuclear energy industry;changes in laws or regulations; ability to obtain required regulatory approvals on a timely basis or at all; ability to protect intellectual property; adverse economic or competitive conditions; and other risks and uncertainties. In addition,TMTG and TAE caution you that the forward-looking statements contained in this presentation are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the proposed transactionor give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TMTG or TAE following announcement of the proposed transaction; (iii) the inability to completethe proposed transaction due to the failure to obtain approval of the shareholders of TMTG or TAE, or other conditions to closing in the merger agreement; (iv) the risk that the proposed transaction disrupts TMTG's or TAE's current plansand operations as a result of the announcement of the proposed transaction; (v) TMTG's and TAE's ability to realize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition and theability of TMTG and TAE to grow and manage growth profitably following the proposed transaction; and (vi) costs related to the proposed transaction. The forward-looking statements in this press release are based upon informationavailable to TMTG and TAE as of the date of this press release and, while TMTG and TAE believe such information forms a reasonable basis for such statements, these statements are inherently uncertain, and you are cautioned not tounduly rely upon these statements. Except as required by applicable law, TMTG and TAE do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information,future events or otherwise. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TMTG's periodic filings with the SEC, including TMTG's AnnualReport on Form 10-K for the fiscal year ended December 31, 2024, TMTG's subsequent Quarterly Reports on Form 10-Q and in the Form S-4, when filed. TMTG's SEC filings are available publicly on the SEC's website at www.sec.gov. PARTICIPANTS IN THE SOLICITATION TMTG and certain of its directors and executive officers and TAE and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the TMTG Shareholders with respect to the proposedtransaction under the rules of the SEC. Information regarding the names, affiliations and interests of certain of TMTG's directors and executive officers in the solicitation by reading TMTG's Annual Report on Form 10-K for the fiscal yearended December 31, 2024 filed with the SEC on February 14, 2025, TMTG's subsequent Quarterly Reports on Form 10-Q filed with the SEC on May 9, 2025, August 1, 2025 and November 7, 2025, respectively, TMTG's definitive proxy statementfor the 2025 annual meeting of shareholders filed with the SEC on March 18, 2025 and the proxy statement/prospectus and consent solicitation statement and other relevant materials filed with the SEC in connection with the proposedtransaction when they become available. Free copies of these documents may be obtained as described in the paragraphs above. Information regarding the persons who may, under the rules of the SEC, be deemed participants in thesolicitation of the TMTG Shareholders in connection with the proposed transaction, including a description of their direct and indirect interests, by security holdings or otherwise, will also be set forth in the proxy statement/prospectusand consent solicitation statement and other relevant materials when filed with the SEC. IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND WHERE TO FIND IT In connection with the proposed transaction, TMTG intends to file with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 to register the common stock of TMTG ("TMTG Shares") to be issued inconnection with the proposed transaction. The registration statement will include a document that serves as a proxy statement and prospectus of TMTG and consent solicitation statement of TAE (the "proxy statement/prospectus andconsent solicitation statement"), and TMTG will file other documents regarding the proposed transaction with the SEC. This document is not a substitute for the registration statement, the proxy statement/ prospectus and consentsolicitation statement, or any other document that TMTG may file with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXYSTATEMENT/ PROSPECTUS AND CONSENT SOLICITATION STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLYAND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TMTG AND TAE, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO, AND RELATEDMATTERS. After the registration statement has been declared effective, a definitive proxy statement will be mailed to the shareholders of TMTG (the "TMTG Shareholders") and a prospectus and consent solicitation statement will be sent to thestockholders of TAE. Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus and consent solicitation statement, as each may be amended or supplemented fromtime to time, and other relevant documents filed by TMTG with the SEC (if and when they become available) through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by TMTG, including theproxy statement/prospectus and consent solicitation statement (when available), will be available free of charge from TMTG's website at tmtgcorp.com under the "Investors" tab. NO OFFER OR SOLICITATION This presentation is not intended to and does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdictionin which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting therequirements of Section 10 of the Securities Act of 1933, as amended.

On January 19, 2026, TAE Technologies, Inc. created the following PowerPoint presentation to facilitate discussions with analysts and investors.

TMTG to Merge with TAE Advancing America's energy dominance and powering the A.I. revolution

Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements. All statements, other than statements of present or historical fact included in this presentation, regarding Trump Media and Technology Group Corp.'s ("TMTG") proposed merger with TAE Technologies, Inc. ("TAE"), TMTG's ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "should," "will" and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words, and the absence of these words does not mean that a statement is not forward -looking. Such forward-looking statements include, but are not limited to, statements regarding TMTG's and TAE's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the anticipated timing and terms of the proposed transaction; plans for deployment of capital and the uses thereof; governance of the combined company; development and construction timelines; cost competitiveness of fusion-generated electricity; timing of commercialization of TAE's fusion technology and the technology of its subsidiaries; expectations regarding the time period over which the combined company's capital resources will be sufficient to fund its anticipated operations; plans for research and development programs; and future demand for power (including from artificial intelligence). These forward -looking statements are based largely on TMTG's and TAE's current expectations. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause TMTG's or TAE's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, risks related to TMTG's or TAE's ability to demonstrate and execute on commercial viability of its technology; legal proceedings; ability to obtain financing on acceptable terms or at all; changes in digital asset valuations; disruption to TMTG's or TAE's operations; TMTG's or TAE's ability to develop and maintain key strategic relationships; competition in TMTG's or TAE's industry; ability to access required materials at acceptable costs; delays in the development and manufacturing of fusion power plants and related technology; ability to manage growth effectively; possibility of incurring losses in the future and not being able to achieve or maintain profitability; potential generation capacities of specific reactor designs; safety and cleanliness of specific reactor designs; regulatory outlook; future market conditions; success of strategic partnerships; developments in the capital and credit markets; future financial, operational and cost performance; revenue gen eration; demand for nuclear energy; economic outlook and public perception of the nuclear energy industry; changes in laws or regulations; ability to obtain required regulatory approvals on a timely basis or at all; ability to prote ct intellectual property; adverse economic or competitive conditions; and other risks and uncertainties. In addition, TMTG and TAE caution you that the forward-looking statements contained in this presentation are subject to the following factors : (i) the occurrence of any event, change or other circumstances that could delay the proposed transaction or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TMTG or TAE following announcement of the proposed transaction; (iii) the inability to complete the proposed transaction due to the failure to obtain approval of the shareholders of TMTG or TAE, or other conditions to clo sing in the merger agreement; (iv) the risk that the proposed transaction disrupts TMTG's or TAE's current plans and operations as a result of the announcement of the proposed transaction; (v) TMTG's and TAE's ability to realize the anticipated benefits of the proposed transaction, which may be affected by, among other things, competition and the ability of TMTG and TAE to grow and manage growth profitably following the proposed transaction; and (vi) costs related to th e proposed transaction. The forward-looking statements in this press release are based upon information available to TMTG and TAE as of the date of this press release and, while TMTG and TAE believe such information forms a reaso nable basis for such statements, these statements are inherently uncertain, and you are cautioned not to unduly rely upon these statements. Except as required by applicable law, TMTG and TAE do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise. Additional information concerning these and other factors that may impact the operations and proj ections discussed herein can be found in TMTG's periodic filings with the SEC, including TMTG's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, TMTG's subsequent Quarterly Reports on Form 10 -Q and in the Form S-4, when filed. TMTG's SEC filings are available publicly on the SEC's website at www.sec.gov. Participants in the Solicitation TMTG and certain of its directors and executive officers and TAE and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the TMTG Shareholders with respect to the proposed transaction under the rules of the SEC. Information regarding the names, affiliations and interests of certain of TMTG's dire ctors and executive officers in the solicitation by reading TMTG's Annual Report on Form 10 -K for the fiscal year ended December 31, 2024 filed with the SEC on February 14, 2025, TMTG's subsequent Quarterly Reports on Form 10 -Q filed with the SEC on May 9, 2025, August 1, 2025 and November 7, 2025, respectively, TMTG's definitive proxy statement for the 2025 annual meeting of shareholders filed with the SEC on March 18, 2025 and the proxy statement/prospectus and conse nt solicitation statement and other relevant materials filed with the SEC in connection with the proposed transaction when they become available. Free copies of these documents may be obtained as described in the paragraphs above. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the TMTG Shareholders in connection with the proposed transaction, including a description of their direct and indirect interests, by security holdings or otherwise, will also be set forth in the proxy statement/prospectus and consent solicitation statement and other relevant materials when filed with the SEC. Important Information About the Proposed Transaction and Where to Find It In connection with the proposed transaction, TMTG intends to file with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 to register the common stock of TMTG ("TMTG Shares") to be issued in connection with the proposed transaction. The registration statement will include a document that serves as a proxy statement and prospectus of TMTG and consent solicitation statement of TAE (the "proxy statement/prospectus and consent solicitation statement"), and TMTG will file other documents regarding the proposed transaction with the SEC. This do cument is not a substitute for the registration statement, the proxy statement/prospectus and consent solicitation statement, or any other document that TMTG may file with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION S TATEMENT, THE PROXY STATEMENT/PROSPECTUS AND CONSENT SOLICITATION STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TMTG AND TAE, THE PROPOSED TRANSACTION, THE RISKS RELATED THERETO, AND RELATED MATTERS. After the registration statement has been declared effective, a definitive proxy statement will be mailed to the shareholders of TMTG (the "TMTG Shareholders") and a prospectus and consent solicitation statement will be sent to the stockholders of TAE. Investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus and consent solicitation statement, as each may be amended or supplemented from time to time, and other relevant documents filed by TMTG with the SEC (if and when they become available) through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by TMTG, including the proxy statement/prospectus and consent solicitation statement (when available), will be available free of charge from TMTG's website at tmtgcorp.com under the "Investors" tab. No Offer or Solicitation This presentation is not intended to and does not constitute an offer to buy or sell or the solicitation of an offer to buy o r sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Transaction highlights All Stock Transaction TMTG/TAE: approximately 50% each, on a fully diluted basis Pro forma Ticker: DJT (NASDAQ & NYSE Texas) Pro forma Company capitalized to fund first utility-scale fusion plant while continuing to grow differentiated media and technology franchises TAE has demonstrated technology and team, >25-year history TMTG has provided up to $200 million of cash to TAE and an additional $100 million is available upon initial filing of the Form S-4 Pro forma board highly accomplished: nine-member board (majority independent), including Devin Nunes, Michl Binderbauer, Donald J. Trump Jr. And Michael B. Schwab (Chairman) Next Steps Expected to close in mid-26, subject to customary closing conditions and shareholder approval by both companies Mid-26 Expected transaction close 4

TMTG: Experience with large capital raises and complex regulatory processes TMTG: Publicly listed on NASDAQ and NYSE Texas TMTG: Mission of America-first investments solidified through TAE deal TAE: 27 years of fusion research, five fusion reactors TAE: 400 employees, 62 Ph.Ds, over 1,600 patents granted TAE "fits" TMTG mandate through consistent values: Promotes energy independence Strengthens national security Bolsters U.S. businesses and manufacturing Maintains American energy dominance Future upside through TAE Power Solutions, TAE Life Sciences businesses TMTG: planning to provide significant capital to advance project developments TAE: Raised $1.3B in private capital to date Pro forma Company: conglomerate to combine leading energy innovator and growing media company Pro forma Company: America-focused mission; strong capital structure Pro forma Company on mission to realize America's promise Management: Nunes and Binderbauer to serve as Co-CEOs Board: Michael Schwab to serve as Board Chair Pro forma Company to be governed by nine- member board with diverse experience, proven track record Majority of the board will be independent TMTG to advance TAE's unrivaled, proprietary technology Pro forma Company to advance American ingenuity for the benefit of all fusion cos., with innovative, growing tech and media businesses Skilled, experienced management and board of directors Established infrastructure to deliver electric power, secure energy independence, and provide technological solutions for Americans Creates one of the world's first publicly traded 4

Pro forma company to deliver clean, affordable, reliable fusion energy Recognized global leader in fusion power Five reactors built to date Targeting utility-scale power generation Future plants to be scaled to 350 - 500 MWe Fusion energy to meet A.I.-driven demand TAE's proprietary technology is safe, deployable, firm, and reliable baseload power 5 TMTG to serve as Pro forma ho lding company. Cutting edge battery and power delivery systems Innovative biologically targeted radiation therapy for cancer Financial services and fintech brand incorporating America-first investments Social media platform ensuring free speech online Ultra-fast streaming of non-woke news networks and family-friendly on-demand content

Next-Generation Fusion Technology

Overview of Fusion Energy Under intense pressure, smaller nuclei are joined together to form larger nuclei This process releases huge amounts of heat, which can be converted to electricity The electricity produced by fusion would support high-availability and environmentally sustainable baseload power Ability to use current technology via steam cycle or direct energy capture Fusion is a disruptive, clean energy technology with potential for grid delivery in the early 2030s Fission vs. Fusion Energy Fusion replicates the process that the sun uses to generate its heat Source: U.S. Nuclear Regulatory Commission, "Understanding the Difference Between Nuclear Fission and Fusion Technologies." October 2025. Target Nucleus Fission Product Fission Fusion Definition Splitting of large nuclei into smaller ones Combining of smaller nuclei into larger nuclei Where Limited occurrence in nature Process that powers the stars Fuel Uranium, Plutonium, Thorium Deuterium from seawater, tritium, helium, boron Hydrogen-Boron = Proton-Boron = p-B11 By-products Long-lived radioactive particles Waste limited to irradiated equipment Safety Several significant failures Inherently safe Energy input Takes little energy to split unstable fissile nuclei Requires energy to fuse small nuclei Energy output Millions of times greater than chemical reactions 4 times greater than fission per kilogram of fuel Requirements Critical mass and slow neutron to split large nuclei Proximity of two nuclei under appropriate density and temperature Diagram Fission Product Neutron Neutron Boron-11 3 Helium Hydrogen Ions Energy Proprietary and Confidential 10

Fusion Energy Technologies FRC enables efficient fusion with high plasma pressure and magnetic efficiency Source: Cleantech Group, "Sector Insights: Nuclear Fusion." March 2023. PLASMA CONFINEMENT COMBINATION PLASMA COMPRESSION TAE Norm Reactor Steady-state magnetic confinement of low-density plasma (1020 m-3) Operates in a straight, cylindrical reactor rather than a donut-shaped one with a ring-like plasma Plasma itself generates and sustains the magnetic field, providing high magnetic efficiency Supports high plasma pressure, which improves fusion efficiency and maximizes power output Field-Reversed Configuration-FRC (MCF) Plasma Injector Pneumatic Pistons Plasma Injector Cylindrical Vortex Cavity Plasma Toroid Rotating Liquid Lead and Lithium Exploits use of higher density plasmas than MCF and uses lasers and other drivers Intermediate density (1028-1029 m-3) Slow pulses (1 millisecond) Use of lasers, other drivers and magnets Challenges around efficiency and stability during compression, repetition rates Magnetized Target Fusion (MTF) Vacuum Chamber Fuel Pellet Coolant Lenses Laser Beams Externally heat and compress fuel targets to achieve high temperatures and densities required to initiate reaction Very high density (1035 m-3) Ultra-short pulses (<0.1 nanoseconds) Use of high-power lasers Challenges around efficiency, stability, rep-rate Inertial Confinement Fusion (ICF) Proprietary and Confidential 10

TAE delivers high quality plasma confinement at high power output TAE power plants to fuse hydrogen and boron to produce helium and energy Containment vessel wall heats up from energetic light emanating from the core Walls are cooled through network of pipes that transfers heat to steam generators Steam spins turbines that drive electric generators (back-end of plant based on currently available technologies) Ability to bypass steam cycle with direct energy capture via charged particles Proprietary platform combines accelerator physics and plasma physics to solve the challenge of confinement TAE uses hydrogen-boron fuel to safely generate clean energy with no long-lived waste. For example, ~770 lbs. of p-B11 fuel could power up to 300,000 US homes for a year. Proprietary and Confidential 10

The hydrogen-boron fuel cycle increases the durability and useful life of our plants, lowers the feedstock costs, and culminates in a cost competitive product Fuel Matters Tritium costs remain extremely high-$30,000/g commercially (Canada, 2018) and $40,000-$60,000/g(1) at Watts Bar-with breeding in fusion reactors unproven at scale and requiring additional on-site plants for breeding and maintenance Current helium price is ~$20,000/g, with an estimated 10,000-year supply on the Moon; costs could drop 4-5×, but breeding remains unproven at scale and requires additional on-site plants for breeding and maintenance Proton-Boron (p-B11) fusion reaction Energetic alpha particles (aneutronic fusion) Fuel availability on Earth Requires higher energy plasma Validated use Boron is commonly mined on Earth. Boron is naturally 80% Boron-11 isotope. Enriched Boron of 99.99% purity is estimated to cost $80/g p-B11 offers superior cost effectiveness at $80/g versus $30,000/g for D-T 1. Coleman, Global Supply of Tritium for Fusion R&D from Heavy Water Reactors M. Coleman United Kingdom Atomic Energy Authority Abingdon, United Kingdom. Deuterium-Helium-3 (D-He3) fusion reaction Very Energetic Reaction - considered aneutronic Helium-3 scarcity Intermediate Temperature Required Deuterium-Tritium (D-T) fusion reaction High energy neutrons (radioactivity) Tritium scarcity & radioactivity "Easiest" fusion reaction on Earth 3He 2p+1n D 1p+1n 4He 2p+2n alpha p 1 p roto n 5Li 3p+2n unstable 18.3 MeV energ y 8.7 MeV energ y 11B P+ P+No NoP+ No N P o + N o P+ No P+ P+ o No No N P+ P+ No No P+ P+ P+No 4 He Fusion P+ o No No N P+ P+ No No P+ P+ P+No High temperature High pressure P+ NoP+ P+ No 4He No P+ No 4He NoP+ P+ No Deuterium + + + + Helium + + Proprietary and Confidential 10 Tritium Neutron Energy

New pathway to commercialization after Norm breakthrough 2025-2031 First Fusion Power Plant 1998-2005 Component R&D Era A, B, C-1 1998 - 2005 Plasma core & fuel injection established 6' 2006-2012 Concept Validation C-2 2006 - 2012 First full-scale, integrated machine 70' 100' Norman 2016-2022 "Hot Enough" milestone, plasma at >30M°C 2013-2022 Norman Era: Proof of Science C-2U 2013 - 2016 "Long Enough" milestone, "at will" sustainment 70' 2022-2028 Norm Era: Scaling to Reactor Level Norm & Norm-U 2022 - 2028 Reactor level plasma performance at 100M°C 50' Da Vinci 2025-2031 Enables sustainable, economic power plants 150+' First Power Offtake TAE's track record of innovation advantages future value creation 4 7 Nobel laureates on advisory Maxwell Prize winners on staff and advisory 8+ Scientific awards received by TAE Chief Science Officer Key scientific peer reviews 200+ or scientific papers published 8+ U.S. Dept. of Energy Awards Targeting fusion-generated electricity in 2031 Paves way for power plants expected to be sized 350 - 500 MWe. 11

Robust IP position and track record of success 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CEO Dr. Michl Binderbauer holds >100 patents, and has published in the world's leading, peer-reviewed scientific journals Track record of innovation expected to advantage pro forma Company for future value creation TAE Technologies Patents Filed and Granted Since 2000 Cumulative Patents Granted Patent Applications Filed (net) >1,600 patents granted, licensing of proprietary products for future revenue stream Partially-owned subsidiary business lines: Breakthrough reactor design; targeting fusion-generated electricity in 2031 Deliver lower cost, higher performing energy storage, applicable to AI-data center expansion Patented particle accelerator technology for a breakthrough biologically-guided radiation therapy Proprietary and Confidential 12

Path to Scalable Deployment

TAE is a clear leader to accelerate American fusion's path to power Fusion: no long-lived radioactive waste, no pollution, uses readily available, cost-effective fuels Breakthrough reactor design: smaller, less expensive, easier to build and operate Targeting delivery of fusion-generated electricity by 2031 Modular design, site-agnostic, community-friendly Critical products sourced in U.S., readily available supply chain Future commercial power plants to target 350 - 500 MWe per plant TAE has built five fusion reactors to date. Pictured is the Norman reactor. 14

Pro forma Company to advance Da Vinci project in 2026 TMTG's balance sheet to help fund the first utility-scale 50 MWe power plant Post close, Company plans to site and construct its first utility-scale fusion power plant, in accordance with the following target milestones: Da Vinci power plant - TAE's planned first utility-scale fusion power plant. 2026 Site location and commence construction, pending approvals 2029 First plasma expected, marking transition to pre-commercial operations 2030 Net energy capability to validate economic viability 2031 Initial facility power operations Proprietary and Confidential 18 Success paves way for additional power plants, expected to be sized 350 - 500 MWe

Derisked financing clears path to commercialization Transaction to bolster U.S.-leadership position in nuclear fusion technology and deployment $3.1 B of financial assets on balance sheet as of third quarter 2025 Capitalization will allow for initial site selection and commencement of construction in near-term, targeting fusion-generated electricity in 2031 TMTG invested $200 M into TAE and an additional $100 M expected upon filing a Form S-4 to derisk near term milestones and accelerate fusion's path to power $1.3B Capital raised to date from notable partners Industry-leading financial positioning Proprietary and Confidential 18

3,000 2,500 3,500 4,000 4,500 6,500 6,000 5,500 5,000 American fusion to address A.I. industry's call for power 2028 2032 2036 2040 Source: WoodM ackenzie as of 5/ 21/2 025 . Total U.S. Power Demand(1) 0.76% CAGR (2012 -2024) 2.14% CAGR (2025-2040) December 15, 2025 2012 2016 2020 2024 Proprietary and Confidential 18 TWh

Company to have majority-independent nine-member board, including Schwab, Binderbauer, Nunes, and Trump, Jr.; plan to assemble advisory board comprised of specialists with diverse backgrounds and experiences Governance: Skilled, diverse Board of Directors Michael B. Schwab Board Chair Michael B. Schwab, Founder and managing director of Big Sky Partners, has spent over two decades transforming ideas into reality through visionary investments. Michl Binderbauer, PhD Co-CEO, Board Member Dr. Michl Binderbauer, co-Founder and CEO of TAE Technologies, is the architect of TAE Technologies' research and development program, and is a co-inventor of many of the company's technological advancements. Donald Trump, Jr. Board Member Donald J. Trump Jr. is an innovator and leader in today's business world, whose inherent business sense adds a level of detail and depth to the management of all current and future Trump projects. Devin Nunes Co-CEO, Board Member Devin Nunes, CEO of Trump Media and Technology Group, oversaw the expansion of TMTG into a multi-billion dollar company and the development of the proprietary technology to launch global, interoperable, apps to protect free speech online. Proprietary and Confidential 18

Proven, experienced leadership Michl Binderbauer, PhD Co-CEO, Board Member Devin Nunes Co-CEO, Board Member Chairman of the President's Intelligence Advisory Board and former Chairman of the House Intelligence Committee 25 years of experience in public service addressing defense, intelligence, energy, tax, trade, and healthcare policy issues Successful track record of large capital raises including a $2.4B private placement offering Experience navigating complex SEC merger processes and regulatory issues Published multiple papers in the world's leading peer-reviewed scientific journals, including Science, Physical Review Letters, Nature Communications, among others Holds >100 U.S. and international technology patents Recipient of UC Irvine's prestigious Lauds & Laurels Award Inaugural inductee into the UCI School of Physical Sciences Hall of Fame 19

TMTG to Merge with TAE Advancing America's energy dominance and powering the A.I. revolution