Yorkville America Equities, LLC and Truth Social Funds Announce Proposed Acquisition of the Point Bridge America First ETF (MAGA)

Rhea-AI Summary

Trump Media (NYSE:DJT) announced that Yorkville America Equities has agreed to acquire the Point Bridge America First ETF (Ticker: MAGA) and reorganize it into the Truth Social America First ETF.

The transaction, subject to shareholder and regulatory approval, is expected to close in Q2 2026 and would transfer approximately $32 million in assets into the Truth Social Funds product suite in a tax-free reorganization.

Positive

• $32 million in assets would transfer to Truth Social Funds
• Transaction structured as a tax-free reorganization for U.S. federal income tax purposes
• Point Bridge to continue as day-to-day portfolio manager in sub-advisory role
• Yorkville becomes investment adviser, adding MAGA to Truth Social Funds lineup

Negative

• Vident will not continue as sub-adviser after the transaction
• Transaction is subject to shareholder and regulatory approvals, creating closing uncertainty
• Relatively small scale: target fund AUM only $32 million

News Market Reaction – DJT

-0.43%

1 alert

-0.43% News Effect

On the day this news was published, DJT declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Assets under management: $32 million Expected closing period: Q2 2026 ETF launch year: 2017

3 metrics

Assets under management $32 million Current AUM of Point Bridge America First ETF prior to reorganization

Expected closing period Q2 2026 Target closing timeframe for proposed ETF acquisition, subject to approvals

ETF launch year 2017 Year the 'MAGA ETF' was launched by Point Bridge Capital

Market Reality Check

Price: $10.11 Vol: Volume 4,591,027 vs 20-da...

normal vol

$10.11 Last Close

Volume Volume 4,591,027 vs 20-day average 4,315,678 (about 1.06x typical activity). normal

Technical Shares at $10.48, trading below the 200-day MA of $16.50 and well under the $30.29 52-week high.

Peers on Argus

DJT gained 5.75% while peers showed mixed moves: GENI up 10.18%, IAC up 6.2%, AT...

DJT gained 5.75% while peers showed mixed moves: GENI up 10.18%, IAC up 6.2%, ATHM and WB slightly down, MTCH modestly higher, indicating a stock-specific reaction rather than a broad sector move.

Previous Acquisition Reports

2 past events · Latest: Jan 28 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Jan 28	ETF acquisition plan	Positive	-3.3%	Proposed acquisition and rebranding of God Bless America ETF into Truth Social Funds.
Dec 18	Large merger deal	Positive	+41.9%	All-stock merger with TAE Technologies valued above $6 billion, creating fusion-focused company.

Pattern Detected

Acquisition headlines have produced mixed reactions: one sharp gain and one moderate decline, suggesting inconsistent trading responses to deal news.

Recent Company History

Over the past several months, Trump Media has used acquisitions and reorganizations to expand the Truth.Fi and Truth Social–branded investment lineup, including the proposed reorganization of the God Bless America ETF (YALL) into Truth Social Funds in Q2 2026. Separately, the company announced a large all‑stock merger with TAE Technologies valued at over $6 billion, alongside multiple SEC communications detailing that deal. Today’s planned acquisition of the Point Bridge America First ETF continues this strategy of adding America First–themed financial products under the Truth Social Funds umbrella.

Historical Comparison

+19.3% avg move · Past acquisition headlines for DJT produced an average move of 19.3%, ranging from a decline on an E...

acquisition

+19.3%

Average Historical Move acquisition

Past acquisition headlines for DJT produced an average move of 19.3%, ranging from a decline on an ETF deal to a sharp gain on the TAE merger. Today’s mid‑single‑digit move sits below that typical magnitude.

DJT’s acquisition track shows financial product roll-ups, like ETF reorganizations into Truth Social Funds, alongside a transformative all‑stock merger with TAE Technologies to add fusion energy assets.

Market Pulse Summary

This announcement adds the Point Bridge America First ETF, with about $32 million in assets under ma...

Analysis

This announcement adds the Point Bridge America First ETF, with about $32 million in assets under management, to the Truth Social Funds lineup, extending Trump Media’s America First investment theme. The transaction, targeted to close in Q2 2026 pending shareholder and regulatory approvals, keeps the ETF’s objective and fee structure unchanged while shifting advisory roles. In context with the earlier YALL ETF reorganization and the larger TAE merger, investors may track how these acquisitions scale the Truth.Fi platform and contribute to longer‑term strategic execution.

Key Terms

etf, assets under management, sub-advisory, net asset value, +2 more

6 terms

etf financial

"agreement to acquire the Point Bridge America First ETF (Ticker: MAGA) into the Truth Social Funds"

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

assets under management financial

"The Point Bridge America First ETF currently has approximately $32 million in assets under management."

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

sub-advisory financial

"Point Bridge Capital, LLC would continue to provide day-to-day portfolio management in a sub-advisory capacity"

A sub-advisory arrangement is when a primary investment manager hires a separate, specialist firm to run part or all of a fund or portfolio—think of it like a head chef bringing in a pastry chef to handle desserts. Investors care because it can change who makes investment decisions, how fees are split, and the portfolio’s performance and transparency; knowing a sub-adviser exists helps assess skill, costs, and potential conflicts of interest.

net asset value financial

"shares of the acquiring fund equal in value to the net asset value of their target fund holdings"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

tax-free reorganization regulatory

"The transaction is expected to be a tax-free reorganization for U.S. federal income tax purposes."

A tax-free reorganization is a corporate restructuring—such as a merger, acquisition, or stock-for-stock exchange—structured so that shareholders do not have to pay immediate income tax on gains from the transaction. Think of it like swapping houses under a rule that lets you avoid a tax bill until you later sell; it matters to investors because it affects the timing of taxes, the adjusted cost basis of their holdings, and the net economic benefit they actually receive from the deal.

proxy materials regulatory

"Proxy materials will be distributed to shareholders of record of the target fund"

Proxy materials are the packet of documents sent to shareholders that explain items to be voted on at a company meeting and include the actual ballot or instructions for casting a vote. Think of them as a voting packet that lays out who’s running the company, major proposals (like pay, mergers, or board changes), and arguments for and against each item. Investors care because those votes shape corporate direction, affect risk and future profits, and can influence share value.

AI-generated analysis. Not financial advice.

SARASOTA, Fla., Feb. 19, 2026 /PRNewswire/ -- Yorkville America Equities, LLC ("Yorkville"), investment adviser for the Truth Social Funds, today announced that it has entered into an agreement to acquire the Point Bridge America First ETF (Ticker: MAGA) into the Truth Social Funds product suite. The respective Board of Trustees of the Truth Social Funds and ETF Series Solutions have approved this transaction, which, if approved by shareholders, is expected to close in Q2 2026.

The Truth Social Funds and each of its existing ETF series are part of the Truth.Fi fintech brand from Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media"), operator of the social media platform Truth Social and the streaming platform Truth+. Pursuant to the transaction, the Point Bridge America First ETF would be reorganized into the Truth Social America First ETF.

The Point Bridge America First ETF currently has approximately $32 million in assets under management. Upon closing of the acquisition, Yorkville would become the investment adviser to the Truth Social America First ETF. Point Bridge Capital, LLC would continue to provide day-to-day portfolio management in a sub-advisory capacity, and Tuttle Capital Management, LLC would serve as trading sub-adviser responsible for trading portfolio securities and broker-dealer selection. Vident Asset Management would not continue as sub-adviser following the transaction.

The investment objective, principal investment strategies, principal risks, and management fee of the ETF are expected to remain the same following the acquisition.

Under the terms of the agreement and plan of reorganization, the target fund will transfer all of its assets to the acquiring fund in exchange for shares of the acquiring fund, which will assume all liabilities of the target fund. Shareholders of the target fund will receive shares of the acquiring fund equal in value to the net asset value of their target fund holdings immediately prior to the closing of the transaction. The transaction is expected to be a tax-free reorganization for U.S. federal income tax purposes.

Hal Lambert, Founder of Point Bridge Capital, stated, "I'm excited to take the Point Bridge America First ETF to the next level with this acquisition by Yorkville and the Truth Social Funds. I launched the 'MAGA ETF' in 2017 to give investors the opportunity to invest in US based America First companies that reflect those values. I'm proud of the success of the MAGA ETF and look forward to this great alignment of values with Yorkville and the Truth Social Funds."

Steve Neamtz, President of Yorkville America Equities, stated, "We are thrilled to bring the Point Bridge America First ETF into the Truth Social Funds family. What Hal Lambert and the Point Bridge Capital organization stand for aligns completely with the values and philosophy of the Truth Social Funds. We align with America First."

The proposed acquisition is subject to customary shareholder and regulatory approvals. Proxy materials will be distributed to shareholders of record of the target fund in connection with the proposed acquisition.

About Yorkville America

Yorkville America, LLC, a Florida-based asset management firm, specializes in providing branded investment products centered around America First themed businesses. With extensive knowledge of capital markets and the securities industry, Yorkville America caters to the specific needs of its clients by offering tailored investment products. For more information, visit yorkvilleamerica.com.

About Yorkville America Equities

Yorkville America Equities, LLC, wholly owned by Yorkville America, LLC, is a registered investment adviser focused on developing America First strategies. The firm seeks to deliver client-focused solutions that support U.S.-based companies aligned with national priorities. The firm only transacts business in states where it is properly notice filed or is excluded or exempted from registration requirements. Additional Important Disclosures may be found in our Form ADV Part 2A, which can be found at https://adviserinfo.sec.gov/firm/summary/336431.

About Trump Media & Technology Group

The mission of Trump Media is to end Big Tech's s assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations; Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content; and Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.

About Truth Social Funds

The Truth Social Funds are a newly launched suite of America First-themed exchange-traded funds (ETFs) designed to provide investors with exposure to U.S.-focused innovation, energy independence, national security, and domestic economic leadership. The ETFs are sponsored by Truth Social Funds and are advised by Yorkville America Equities. Learn more at www.truthsocialfunds.com.

About Point Bridge Capital

Hal Lambert, CFA, founded Point Bridge Capital in 2013 to provide high-net-worth individuals customized investment management advice across all asset classes. Point Bridge Capital is a fee-only, non-commission SEC-registered investment adviser (RIA) with a fiduciary duty to act in its clients' best interests. Point Bridge, through its partnership with Dynasty Financial Partners, combines the vast scale and services available at the largest Wall Street firms with the client service and customization of small regional firms. Scaling our firm with Dynasty allows us to offer investment products with lower fees than what would be paid as a standalone company. This innovative business model gives clients the best of both worlds – near-unlimited and incomparable investment choices with dedicated service to meet clients' personal goals. In addition to investment management, Point Bridge provides independent custody of assets and trustee services. Hal frequently appears on CNBC and Fox Business to discuss global markets, Federal Reserve policy, and the economy.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the expected benefits, effects, timing, and completion of the acquisition, the future operations or performance of the Truth Social America First ETF, and the Trust's expectations regarding efficiencies, scale, or shareholder outcomes resulting from the transaction.

These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include, among others, market conditions, operational and regulatory risks, the ability to achieve anticipated efficiencies, changes in investment performance, and other risks described in the Truth Social America First ETF prospectus and statement of additional information.

Forward-looking statements speak only as of the date made, and the Trust undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus and, if available, the summary prospectus contain this and other information about the Fund. You may obtain a prospectus and, if available, a summary prospectus at www.truthsocialfunds.com/etf or by calling Yorkville America Equities, LLC at (201) 985-8300. Please read the prospectus or summary prospectus carefully before investing.

An investment in the ETFs involves risk, including possible loss of principal. Exchange-traded funds (ETFs) trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value (NAV) and are not individually redeemable directly with the ETFs. Brokerage commissions and ETF expenses will reduce returns. ETFs are subject to specific risks, depending on the nature of the underlying strategy of the ETF, which should be considered carefully when making investment decisions. For a complete description of the ETFs' principal investment risks, please refer to the prospectus.

PINE Distributors LLC is the distributor of the Truth Social ETFs. Yorkville America Equities, LLC is the investment adviser of the Truth Social ETFs and Tuttle Capital Management, LLC serves as the sub-adviser of the Truth Social ETFs. Point Bridge Capital, LLC is the sub-adviser of the Truth Social America First ETF. PINE Distributors LLC is not affiliated with Yorkville America Equities, LLC, Tuttle Capital Management, LLC, and Point Bridge Capital, LLC.

Disclaimer

This press release is provided for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any securities. Any references to investment products or strategies are for descriptive purposes only. Investing involves risk, including the possible loss of principal. Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. A prospectus and, if applicable, a summary prospectus or statement of additional information contain this and other information and may be obtained from the issuer or by visiting the applicable fund website. Please read these materials carefully before investing.

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SOURCE Truth Social Funds

FAQ

What is the deal to acquire the Point Bridge America First ETF (MAGA) by Truth Social Funds (DJT)?

The deal would reorganize MAGA into the Truth Social America First ETF, transferring assets and liabilities into the acquiring fund. According to Yorkville, shareholders of the target fund will receive shares of the acquiring fund equal in value to their holdings at closing.

When is the MAGA ETF acquisition by Truth Social Funds expected to close and what approvals are needed?

The acquisition is expected to close in Q2 2026, subject to customary shareholder and regulatory approvals. According to Yorkville, proxy materials will be distributed to target fund shareholders of record in connection with the proposed acquisition.

How much in assets will transfer if MAGA is reorganized into Truth Social Funds (DJT)?

Approximately $32 million in assets under management will transfer to the Truth Social Funds product suite. According to Yorkville, the target fund will exchange its assets for shares of the acquiring fund at net asset value at closing.

Will the investment strategy or fees change after the MAGA ETF reorganization into Truth Social America First ETF?

The investment objective, principal strategies, principal risks, and management fee are expected to remain the same after the acquisition. According to Yorkville, core fund terms are not expected to change following the reorganization.

Who will manage the MAGA ETF after it joins Truth Social Funds (DJT)?

Yorkville would become the investment adviser and Point Bridge would continue as day-to-day portfolio manager in a sub-advisory role. According to Yorkville, Tuttle Capital will serve as trading sub-adviser and Vident will not continue as sub-adviser.

Is the MAGA ETF acquisition taxable for shareholders of the target fund?

The transaction is expected to be a tax-free reorganization for U.S. federal income tax purposes. According to Yorkville, the exchange of target fund assets for acquiring fund shares is intended to be tax-free at closing.