financetom
Business
financetom
/
Business
/
Yorkville Acquisition, Trump Media, Crypto.com to Form Digital Asset Treasury Company
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Yorkville Acquisition, Trump Media, Crypto.com to Form Digital Asset Treasury Company
Aug 26, 2025 6:39 AM

09:09 AM EDT, 08/26/2025 (MT Newswires) -- Yorkville Acquisition (YORK), Trump Media & Technology Group (DJT) and Crypto.com said Tuesday that they signed a definitive business combination agreement to form Trump Media Group CRO Strategy, a digital asset treasury company focused on acquiring Cronos (CRO-USD), the native token of the Cronos blockchain.

The companies said the new entity will hold $1 billion in CRO, $200 million in cash, $220 million from warrant exercises and a $5 billion equity line from Yorkville affiliate YA II PN.

Yorkville Acquisition ( YORK ) will apply to change its Nasdaq ticker to MCGA ahead of the merger, with the new symbol transferring to Trump Media Group CRO Strategy upon transaction closing, the companies said.

Shares of Yorkville and Trump Media ( DJT ) were up 6.6% and 7.4%, respectively, in recent premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Apple makes radio push amid tough music streaming competition, WSJ reports
Apple makes radio push amid tough music streaming competition, WSJ reports
Aug 27, 2025
Aug 27 (Reuters) - Apple ( AAPL ) will distribute its curated radio stations on a global network of home speakers and connected cars, in a push to extend the reach of its music service, the Wall Street Journal reported on Wednesday. The iPhone maker's six radio stations will be available outside its app for the first time through a...
Morgan Stanley Capital Partners Exits Clarity Investment
Morgan Stanley Capital Partners Exits Clarity Investment
Aug 27, 2025
09:43 AM EDT, 08/27/2025 (MT Newswires) -- Morgan Stanley ( MS ) unit Morgan Stanley Capital Partners' managed investment funds said Wednesday they completed the sale of Clarity Software Solutions to mPulse. Financial terms were not disclosed. Clarity provides communication services for health insurers, dental plans and third-party administrators, according to the statement. Price: 148.70, Change: -0.27, Percent Change: -0.18...
J.M. Smucker misses quarterly profit estimates as high coffee prices weigh
J.M. Smucker misses quarterly profit estimates as high coffee prices weigh
Aug 27, 2025
Aug 27 (Reuters) - Folgers coffee maker J.M. Smucker missed Wall Street estimates for first-quarter profit on Wednesday, hurt by a rise in commodity costs as U.S. tariffs weighed. Higher inflation has prompted packaged food companies such as J.M. Smucker and Conagra Brands ( CAG ) to raise product prices in a bid to offset elevated input costs, which have...
Cracker Barrel Stock Is Climbing Wednesday: What's Going On?
Cracker Barrel Stock Is Climbing Wednesday: What's Going On?
Aug 27, 2025
Cracker Barrel Old Country Store Inc ( CBRL ) shares are trading higher Wednesday after the company announced it scrapped its rebranding initiative in favor of its original logo. What Happened: In a post on X on Tuesday, Cracker Barrel said it decided to drop its newly updated logo after getting feedback from customers. “We said we would listen, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved