The Board of Directors of Trump Media and Technology Group Corp. has authorized the creation of a strategic acquisition fund to explore financing strategies for potential mergers and acquisitions that align with the company’s growth strategy. The goal is to partner, merge or acquire businesses in the America First Economy that share similar values and can operate effectively under TMTG’s new holding company structure.
CEO Devin Nunes stated that TMTG aims to expand its technology footprint while diversifying into finance and other industries. The company recently launched its FinTech brand Truth.Fi, which will offer customized exchange-traded funds and separately managed accounts.
TMTG’s mission is to counter Big Tech’s suppression of free speech by providing a safe platform for free expression. The company operates social media platforms Truth Social and streaming service Truth+, as well as launching a new financial services arm Truth.Fi.
The board’s decision comes with a caveat: certain statements made in this press release are considered forward-looking statements, which are subject to risks, uncertainties, and assumptions.
Source: https://www.globenewswire.com/news-release/2025/02/21/3030449/0/en/Trump-Media-Board-Votes-to-Advance-Expansion-Plans.html