Yorkville, Now Trading as $MCGA, Pulls Back the Curtain on Unprecedented Planned Business Combination

Core Viewpoint - The proposed business combination between Yorkville Acquisition Corp. and Trump Media & Technology Group Corp. aims to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquiring the CRO cryptocurrency token from the Cronos ecosystem [2][4][22]. Group 1: Business Combination Details - Yorkville Acquisition Corp. will be renamed Trump Media Group CRO Strategy, Inc. upon the closing of the business combination [2][4]. - The business combination involves Yorkville Acquisition Corp., Trump Media, and Crypto.com, with the goal of creating a publicly listed CRO-focused digital asset treasury company [2][3]. - The transaction is subject to customary closing conditions, and there are no assurances that the closing will occur [4][18]. Group 2: Strategic Focus and Funding - The founding partners are pursuing a pure play digital asset treasury strategy, allowing for a higher percentage of capital to be allocated to acquiring CRO tokens [6][7]. - The expected funding structure includes over $400 million in cash and a $5 billion equity line of credit, creating a potential total funding package of $6.42 billion [8][15]. - The strategy aims to accumulate and actively manage a digital asset treasury composed of CRO tokens, with a focus on yield-generating assets [17][22]. Group 3: Unique Aspects of CRO - CRO is positioned as a high-performance, interoperable blockchain designed for speed and scalability, making it suitable for decentralized applications [11]. - Unlike Bitcoin, which is primarily a store of value, CRO has functional roles within its ecosystem, including securing the network and facilitating decentralized applications [12]. - The integration of CRO with platforms like Truth Social is expected to enhance its utility and create engagement-based rewards systems [9][11]. Group 4: Ownership and Governance - Following the business combination, Trump Media Group CRO Strategy, Inc. will be majority-owned by the founding partners, including Trump Media and Crypto.com [18]. - Founding partners have agreed to a one-year lock-up on their shares, ensuring alignment with long-term shareholders [19][20]. Group 5: Advisors and Legal Framework - Clear Street is serving as the exclusive capital markets advisor, while DLA Piper LLP and Skadden, Arps, Slate, Meagher & Flom LLP are providing legal counsel [21]. - Yorkville Acquisition Corp. plans to file a Registration Statement with the SEC, which will include a preliminary proxy statement and prospectus related to the business combination [28].