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Yorkville Acquisition Corp (Nasdaq: MCGA) announced appointments of Steve Gutterman as CEO and Sim Salzman as CFO in connection with a proposed business combination to form Trump Media Group CRO Strategy, Inc.
The founding partners will include Trump Media & Technology Group (Nasdaq: DJT) and Crypto.com, contributing assets to create a digital-asset treasury focused on the native Cronos token CRO. Management transition will occur at closing, which is expected in Q1 2026. The company published a business overview presentation at the provided link.
Yorkville Acquisition Corp (Nasdaq: MCGA) filed a confidential draft Form S-4 with the SEC on Dec 1, 2025, advancing its proposed business combination with affiliates of Trump Media & Technology Group and Crypto.com. The transaction will create Trump Media Group CRO Strategy, Inc, a digital asset treasury company focused on acquiring the native cryptocurrency token of the Cronos ecosystem (CRO).
Completion remains subject to SEC review, customary closing conditions and Yorkville shareholder approval; the combined company would be renamed and continue trading on Nasdaq as MCGA upon closing. Advisors and legal counsel were disclosed for all parties.
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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