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Trump Media Announces Filing of Registration Statement for Five America First Themed Equity ETFs
Globenewswire· 2025-09-10 12:48
Core Viewpoint - Trump Media and Technology Group Corp. is launching five America First themed exchange traded funds (ETFs) in partnership with Yorkville America Equities, expanding its product portfolio to include these new investment vehicles [2][3][4]. Group 1: Company Overview - Trump Media operates the social media platform Truth Social, the streaming service Truth+, and the FinTech brand Truth.Fi, aiming to provide a platform for free speech and family-friendly content [6]. - Yorkville America Equities specializes in branded investment products focused on America First themed businesses, leveraging its expertise in capital markets to cater to client needs [7]. Group 2: ETF Details - The newly filed ETFs will be known as the "Truth Social Funds" and are designed around five thematic strategies, ensuring alignment with the Truth Social brand and America First principles through a partnership with the 1792 Exchange [3][4]. - The ETFs are expected to launch later in 2025, pending regulatory approval, and will be available on existing platforms and brokerages, with shares listed on NYSE Arca [4]. Group 3: Thematic Strategies - The five ETFs include: - Truth Social American Icons ETF - Truth Social American Security & Defense ETF - Truth Social American Next Frontiers ETF - Truth Social American Energy Security ETF - Truth Social American Red State REITs ETF [9].
Yorkville, Now Trading as $MCGA, Pulls Back the Curtain on Unprecedented Planned Business Combination
Globenewswire· 2025-09-10 12:30
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].
Yorkville Acquisition Corp. Announces Ticker Symbol Change to “MCGA” Ahead of Trump Media Group CRO Strategy, Inc. Listing
Globenewswire· 2025-09-05 16:30
Group 1 - Yorkville Acquisition Corp. will change its name to Trump Media Group CRO Strategy upon the completion of the business combination with Trump Media & Technology Group Corp. and Crypto.com [2][5] - The new ticker symbol for Yorkville Acquisition Corp. will be "MCGA" starting September 8, 2025, with the corresponding symbols for publicly-traded units and warrants being "MCGAU" and "MCGAW" respectively [1][3] - Trump Media Group CRO Strategy aims to strategically invest in digital asset ecosystems, focusing on the acquisition and management of the native cryptocurrency token of the Cronos ecosystem, known as CRO [4][2] Group 2 - Trump Media operates platforms such as Truth Social and Truth+, which aim to provide a safe space for free expression and family-friendly content, respectively [7] - Crypto.com, founded in 2016, is recognized for its regulatory compliance and security, with a vision of making cryptocurrency accessible to everyone [8] - The business combination is intended to create a digital asset treasury company that connects traditional investment opportunities with digital assets [4][2]
Trump Media, Crypto.com Close Purchase Agreement
Globenewswire· 2025-09-05 12:30
Core Viewpoint - Trump Media has finalized a strategic partnership with Crypto.com, acquiring 684.4 million Cronos (CRO) tokens at approximately 15.3 cents per token, representing about 2% of the current circulating CRO supply [2][3] Company Overview - Trump Media operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, aiming to provide a safe harbor for free expression and family-friendly content [7] - Crypto.com, founded in 2016, is a leader in regulatory compliance and security in the cryptocurrency industry, with a vision of "Cryptocurrency in Every Wallet" [8] Strategic Partnership Details - The acquisition involves a 50% stock and 50% cash exchange, with the CRO tokens secured through Crypto.com's institutional-grade custody solution, allowing Trump Media to stake the tokens for additional revenue [2][3] - The partnership includes a mutual cooperation agreement to integrate the CRO token into the Truth Social and Truth+ platforms, creating a rewards system utilizing Crypto.com's digital wallet infrastructure [3] Business Combination - Trump Media Group CRO Strategy, Inc. has entered into a definitive agreement for a business combination with Yorkville Acquisition Corp, a SPAC, to form a digital asset treasury company focused on acquiring CRO [4]
Trump Media, Crypto.com Announce Strategic Partnership
Globenewswire· 2025-08-26 12:38
Core Viewpoint - Trump Media and Crypto.com have formed a strategic partnership to integrate the Cronos (CRO) cryptocurrency into Trump Media's platforms, enhancing user engagement through a rewards system and digital wallet infrastructure [2][4][5]. Group 1: Partnership Details - Trump Media will implement a rewards system on its Truth Social and Truth+ platforms utilizing Crypto.com's digital wallet and adopting CRO as a utility token [2][5]. - The partnership includes Trump Media purchasing approximately $105 million in CRO, representing about 2% of the total CRO market cap at the time of the announcement [5]. - Crypto.com will also invest $50 million in Trump Media's common stock, both transactions subject to a lockup period [5]. Group 2: Technology and Infrastructure - Cronos is described as a high-performance, interoperable blockchain that supports low-cost, high-speed smart contract deployment, facilitating the adoption of decentralized applications [3]. - The integration of CRO aims to provide users with the ability to convert earned gems into CRO and other benefits, enhancing the overall user experience on Trump Media's platforms [5]. Group 3: Strategic Goals - Trump Media's CEO emphasized the goal of making CRO the preferred utility token globally, positioning the company as an early adopter of this digital network [4]. - The partnership is seen as a significant step towards creating a digital asset treasury company focused on acquiring CRO, following the establishment of Trump Media Group CRO Strategy, Inc. [7].
Trump Media Group CRO Strategy to Acquire $6.42 Billion for CRO Digital Asset Treasury
Globenewswire· 2025-08-26 12:30
Core Viewpoint - The announcement details a definitive agreement for a business combination between Yorkville Acquisition Corp., Trump Media & Technology Group, and Crypto.com to create Trump Media Group CRO Strategy, Inc., focusing on acquiring the CRO cryptocurrency token from the Cronos ecosystem [1][2]. Group 1: Business Combination Details - The business combination will result in Trump Media Group CRO Strategy being majority-owned by Yorkville, Trump Media, and Crypto.com, with expected funding of $1 billion in CRO, $200 million in cash, and $220 million in cash-in mandatory exercise warrants [2][5]. - The total funding will also include a $5 billion equity line of credit from an affiliate of Yorkville, making it the largest publicly traded CRO treasury company [2][10]. - Yorkville Acquisition Corp. plans to change its Class A ordinary shares trading symbol to "MCGA" prior to the business combination [4]. Group 2: Strategic Focus and Operations - Trump Media Group CRO Strategy aims to establish a digital asset treasury centered on the accumulation and active management of CRO, focusing on yield-generating assets [11][12]. - The strategy includes operating a validator node to participate in network security and governance, generating staking rewards to enhance CRO holdings [12]. - The Cronos blockchain ecosystem is designed for speed and scalability, facilitating low-cost smart contract deployment and integration with major blockchain networks [7][8]. Group 3: Market Position and Future Outlook - The partnership is positioned to capitalize on the growing trend of digital asset treasuries, with a strong belief in the future utility of cryptocurrency [9][10]. - The Cronos ecosystem supports decentralized applications in finance and commerce, aiming to integrate seamlessly with U.S. financial systems [8]. - The project is expected to encompass more than the current market capitalization of CRO, indicating significant growth potential [10].
Trump Media inches closer to Bitcoin ETF launch with new SEC filing
Finbold· 2025-08-11 12:48
Trump Media (NASDAQ: DJT) the company behind Truth Social, Truth+, and the Truth.Fi fintech brand has inched closer to launching its own Bitcoin exchange-traded fund (ETF) after submitting an amended registration to the U.S. Securities and Exchange Commission (SEC) on August 11. The ETF will debut only after two key hurdles: the SEC declaring the registration effective and the regulator approving a related Form 19b-4 submission. Once cleared, the shares are set to list on NYSE Arca, with Yorkville America D ...
Trump Media Files Amended Registration Statement for Bitcoin ETF
Globenewswire· 2025-08-11 12:05
Core Viewpoint - Trump Media and Technology Group Corp. has filed an amendment to the registration statement for the Truth Social Bitcoin ETF, which aims to directly hold Bitcoin and reflect its price performance [2][3]. Group 1: ETF Details - The Truth Social Bitcoin ETF will be custodied by Crypto.com, which will also serve as the prime execution agent and liquidity provider [3]. - The ETF's shares will be listed on NYSE Arca upon the effectiveness of the registration statement and SEC approval [3]. Group 2: Company Overview - Trump Media operates the social media platform Truth Social, the streaming service Truth+, and the FinTech brand Truth.Fi, focusing on free speech and family-friendly content [5]. - The company aims to provide investment vehicles that align with an "America First" strategy through its financial services [5].
Trump Media Launches Great American Media Video Catalogue
Globenewswire· 2025-08-07 12:30
Core Viewpoint - Trump Media and Technology Group Corp. has expanded its Truth+ streaming service by launching on-demand content from Great American Media, focusing on family-friendly and faith-based programming [1][2][3] Group 1: Company Overview - Trump Media operates Truth Social, a social media platform, and Truth+, a streaming service that offers family-friendly content [6] - The company aims to provide a platform for free speech and counteract perceived censorship by major tech companies [6] Group 2: Content Offering - The Truth+ Patriot Package will feature a variety of on-demand content, including family-friendly movies, documentaries, and TV shows, with plans to add thousands of additional hours of content [2][3] - Great American Media's programming includes original content that promotes traditional values, such as Christmas movies and romantic comedies [3] Group 3: Leadership Perspective - Devin Nunes, CEO of Trump Media, emphasized the importance of providing non-woke entertainment that aligns with American values and expressed intentions to further expand content offerings [4]
Trump Media Begins Public Beta Testing AI Search Engine
Globenewswire· 2025-08-06 12:30
Core Insights - Trump Media and Technology Group Corp. has initiated public Beta testing for its new AI search feature, Truth Search AI, on the Truth Social platform [2][4] - The AI search feature is powered by Perplexity, aiming to provide contextually accurate answers with transparent citations, thereby enhancing user experience and information accessibility [3][4] - The Truth Search AI is currently available on the web version of Truth Social, with plans to roll out on iOS and Android apps soon [4] Company Overview - Trump Media's mission is to combat perceived censorship by Big Tech and promote free speech through its platforms, including Truth Social and Truth+ [6] - Truth Social is designed as a safe space for free expression, while Truth+ focuses on family-friendly streaming content [6] - The company is also launching Truth.Fi, a financial services and FinTech brand that aligns with an "America First" investment strategy [6] Partner Overview - Perplexity is an AI-driven answer engine that provides real-time answers from credible sources, aiming to bridge the gap between traditional search engines and AI interfaces [7] - The company, founded in 2022, answers over 150 million questions globally each week [7]