Trump Media & Technology Group Corp. (NASDAQ:DJT) fell by 10.44% on Monday, closing at $14.41 per share as investors took profits post-merger with TAE Technologies. The merger agreement involves a $200 million cash payment at signing and additional $100 million upon SEC filing. The combined company plans to build utility-scale fusion power plants.

Trump Media (DJT) aims to construct the world’s first fusion power plant after the merger, with plans to expand to plants capable of producing 350 to 500 MWe. The company believes fusion power plants will provide reliable electricity, aiding America in the AI revolution. Shareholders from both parties would own 50% of the merged entity.

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Read more at Yahoo Finance: Trump Media (DJT) Slashes 10.44% on Profit-Taking