Trump Media & Crypto.com plan a business combination with Yorkville Acquisition Corp.
Establishing Trump Media Group CRO Strategy, a digital asset treasury company focused on acquiring CRO tokens.
Expected funding includes $1 billion in CRO, $200 million in cash, and $220 million in cash-in mandatory exercise warrants.
Business Combination
Trump Media, Crypto.com, and Yorkville Acquisition Corp. create Trump Media Group CRO Strategy, Inc.
Funding Details
$1 billion in CRO, $200 million cash, $220 million cash-in mandatory exercise warrants.
Equity Line of Credit
$5 billion credit line from Yorkville affiliate, becoming the largest CRO treasury company.
Stock Symbol Change
Yorkville Acquisition Corp. to trade under symbol MCGA, transferring to Trump Media upon combination.
Lock-Up Period
Initial 1-year lock-up period for founding shareholdings post-closing, followed by 3-year release schedule.
- Cronos blockchain ecosystem powering the American digital economy.
- CRO token facilitates decentralized applications in finance and commerce.
- Integration with Crypto.com and U.S. financial systems for instant payments and smart contracts.
Trump Media Group's strategic move into digital assets through CRO acquisition sets a milestone in the financial markets. The partnership with Yorkville and Crypto.com positions them at the forefront of the digital economy.