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Yorkville Acquisition Corp. (NASDAQ: MCGA) has announced details of its planned business combination with Trump Media & Technology Group Corp. (DJT) and Crypto.com. The combined entity will be renamed to Trump Media Group CRO Strategy, Inc., becoming the first publicly traded CRO-focused digital asset treasury company.
The transaction includes 6.31 billion CRO tokens (worth approximately $1 billion), $200 million in cash, $220 million from mandatory-exercise warrants, and a $5 billion equity line of credit, creating a potential $6.42 billion funding package. The company will focus on accumulating and managing CRO tokens, operating validator nodes, and generating staking rewards.
The founding partners have agreed to a one-year mandatory lock-up period, followed by a three-year gradual release schedule for their founders' equity.
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