Trump Media Abandons Crypto Plans for Merger with TAE
Trump Media & Technology Group (NASDAQ: DJT) has pulled back on its cryptocurrency deals and is now focusing on merging with TAE. The news comes from Axios, which published an article on August 7, 2026, titled 'Exclusive: Trump Media unwinds crypto deals.' The company's Interim Chief Executive Officer made statements attributed to him in the article.
The article represents the views of the publication and its author, but the Company does not endorse or adopt any other statements contained within. A copy of the article is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In connection with the proposed merger with TAE, Trump Media & Technology Group intends to file a registration statement on Form S-4 with the U.S. Securities and Exchange Commission. This will register the common stock of TMTG to be issued in connection with the transaction.