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Trump Media Group CRO Strategy to Acquire $6.42 Billion for CRO Digital Asset Tr
| ''"'''"''"''''"'' | 08/30/25 |
| ''"'''"''"''''"'' | 08/30/25 |
Poast new message in this thread
Date: August 30th, 2025 11:29 AM Author: ''"'''"''"''''"'' Corporate mastermen, what's going on with this? Is it really $6 billion in value or a cooked up figure?
https://www.sec.gov/Archives/edgar/data/1849635/000114036125032615/ef20054552_ex99-2.htm |
Date: August 30th, 2025 11:31 AM Author: ''"'''"''"''''"'' August 26, 2025--WEST PALM BEACH, Fla.--Yorkville Acquisition Corp. (Nasdaq: YORK), Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“Trump Media”) and Crypto.com today announced they have entered into a definitive agreement for a business combination (the “Business Combination”) to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquisition of the native cryptocurrency token of the Cronos ecosystem (“CRO”). Yorkville Acquisition Corp. is a special purpose acquisition company (SPAC) sponsored by Yorkville Acquisition Sponsor LLC (“Yorkville”).
At the close of the Business Combination, Trump Media Group CRO Strategy will be majority-owned by Yorkville, Trump Media, and Crypto.com, together as founding partners. Expected funding for the digital asset treasury will consist of $1 billion in CRO (6,313,000,212 CRO, representing ~19% of the total CRO market cap as of announcement), $200 million in cash and $220 million cash-in mandatory exercise warrants, with an additional $5 billion equity line of credit from an affiliate of Yorkville, YA II PN, Ltd., which would make it the first and largest publicly traded CRO treasury company, as well as what we believe to be the largest digital asset treasury company to market cap ratio in history.
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