Yorkville SPAC Files S-4, Taps New CEO/CFO for Trump Media Group CRO Strategy

Core Viewpoint - Yorkville Acquisition Corp. is progressing towards a business combination with Trump Media & Technology Group and Crypto(.)com, aiming to establish a publicly traded digital-asset treasury focused on the Cronos (CRO) ecosystem [1][2][3]. Group 1: Business Combination Details - Yorkville has filed a confidential Form S-4 with the U.S. Securities and Exchange Commission, marking a significant step in its proposed business combination [1]. - Upon completion of the transaction, the company will be renamed Trump Media Group CRO Strategy and will continue trading under the ticker MCGA, which stands for "Make CRO Great Again" [2]. - The business combination aims to create a company focused on accumulating and managing large reserves of the CRO token, integrating platforms, and fostering long-term treasury growth [3]. Group 2: Leadership Appointments - Yorkville has appointed Steve Gutterman as CEO and Sim Salzman as CFO, both of whom have extensive experience in public company leadership and digital assets [1][4]. - Gutterman previously served as CEO of Gryphon Digital Mining and held senior roles at ETRADE Financial, while Salzman has held senior finance positions at various companies, including Gryphon and Marathon Digital Holdings [5]. Group 3: Market Context - The CRO-focused entity is being developed despite a recent 34% price decline and an unrealized loss of $38 million [6]. - The strategy for the CRO treasury was initially announced in August 2025, aiming to position the company as the first major publicly traded CRO treasury [6].