Interim CEO Discloses Truth API Growth and $6B TAE Merger Progress
DJT sits 38% above its 52-week low of $6.96.
Summary
Interim CEO Kevin McGurn disclosed in a CNBC interview that Truth API customers have grown to the mid-teens, a major financial data distributor was signed last week, and the TAE Technologies merger is progressing toward an S-4 filing at a $6 billion valuation.
Key Events · Product Development and Regulatory · DJT
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Truth API Customer Growth
Customer count is now in the mid-teens, up from roughly 10 reported by DealBook about 1.5 weeks prior. At $100K/month per customer, that implies annualized recurring revenue of roughly $18M from this product alone.
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Major Data Distributor Signed
The company signed one of the largest financial data and information distributors at the end of last week, expanding Truth API's reach beyond high-frequency trading firms.
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TAE Merger Progress
TAE Technologies is finishing its audits and the company is moving toward filing an S-4 to complete a merger of equals at a $6 billion valuation.
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Litigation Settled
The company recently settled a bunch of litigation, which the CEO said will bring capex down for the next quarter.
Analysis · DJT · Technology
In his first TV interview as interim CEO, Kevin McGurn revealed that Truth API customers have grown from roughly 10 to the mid-teens in under two weeks, and that the company signed one of the largest financial data distributors at the end of last week. He also confirmed the TAE Technologies merger is moving toward an S-4 filing at a $6 billion valuation, and that recently settled litigation will reduce capex next quarter. These are material updates on the company's recurring revenue strategy and its pending merger, both of which are central to the investment thesis.
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In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, DJT was trading at $9.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $6.96 to $18.31. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.