Overview
- Yorkville Acquisition Corp. (Nasdaq: MCGA) confidentially filed an S-4 to form Trump Media Group CRO Strategy, Inc. through a business combination.
- The proposed treasury is slated to include 6.3 billion CRO, $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit.
- Steve Gutterman was named CEO and Sim Salzman CFO, with roles expected to commence after an anticipated Q1 2026 closing.
- CRO’s decline has reduced the 6.3 billion-token tranche to about $636 million from roughly $1 billion at announcement, with CRO’s market cap near $3.7 billion.
- Plans call for operating a Cronos validator targeting roughly 6% APY in staking rewards, plus a pledged $105 million CRO purchase and token integration across Truth Social and Truth+.