Trump Media and Technology Group (DJT) is considering spinning off Truth Social—its free speech-focused social media platform championed by President Donald Trump—into its own public entity, the firm announced on Friday. 

The move would see Truth Social and other Trump Media businesses become SpinCo, which would then merge with Texas Ventures III. However, some assets and businesses would remain with the Trump Media, though the firm did not indicate which.

Shares of the new entity would be provided to DJT shareholders prior to the firm’s announced merger with TAE Technologies, a power fusion firm that is still in a pending merger with the Trump Media.

“The contemplated transaction is intended to create shareholder…