TAE Technologies, Inc.

Honesty-gated trail. Two datapoints survive the gate; key caveats below.\n\nFIRM: Dec 18 2025 DJT/Trump Media all-stock merger — official press release + SEC 8-K/425 give >$6B transaction value, $53.89/sh TAE fully diluted (per TMTG trailing 30-day VWAP at 12/17/2025 close), ~50/50 ownership of the combined company, $200M cash at signing + $100M at S-4 filing, close expected mid-2026. Tagged kind=spac since it's a public-company all-stock combination producing the implied mark, not a primary VC round.\n\nSOFTER: July 19 2022 Series G ~$7.25B post-money — the $250M raise is company-confirmed (tae.com), but the $7.25B post-money is reported only by secondary aggregators (Forge, accessipos citing Caplight/marketplace data, Tracxn/PitchBook-derived), NOT by a TAE press release or SEC filing. Credibly reported, not company-disclosed; this is why overall confidence is medium not high.\n\nOMITTED (no invented numbers): The prompt's '2015 $400M' lead does not check out — there was no 2015 priced round; the relevant early raise is the May 2016 Series E ($500M, led by Goldman Sachs), but NO post-money was ever disclosed for it, so it is excluded. The '~$1.2B unicorn mark' is a data trap: multiple aggregators print '$1.2B valuation as of Jul 19 2022,' but $1.2B is the CUMULATIVE capital-raised-to-date from TAE's own 2022 release, mislabeled as valuation — TAE crossed unicorn status around the 2016 Series E, but no actual unicorn post-money was ever published, so I did not record one. The 2021 $280M round (Google + existing) and the June 2025 $150M round (Google/Chevron/NEA) disclosed amounts raised but NO valuation. Cumulative equity raised ~$1.3-1.5B over ~11 raises. Formerly named Tri Alpha Energy. Gaps are real: TAE historically disclosed only round SIZE, not valuation, until the 2025 public merger forced an implied mark. Sources also: Wikipedia round history, Crunchbase News M&A piece, CNBC/PBS merger coverage, SEC EDGAR CIK 0001849635 filings (8-K/425).