Trump Media Technology Group announces CRO strategy: plans to raise $6.42 billion for CRO digital asset treasury.

On August 26, according to globenewswire, Yorkville Acquisition Corp. (NASDAQ: YORK), Trump Media & Technology Group, and CEX announced today that the three parties have signed a definitive agreement to merge their businesses to form Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on the acquisition of the Cronos ecosystem's native encryption Token (CRO). Yorkville Acquisition Corp. is a special purpose acquisition company (SPAC) sponsored by Yorkville Acquisition Sponsor LLC. After the business combination is completed, Trump Media Group CRO Strategy will be jointly held by Yorkville, Trump Media & Technology Group, and CEX as founding partners with controlling interest. The funding structure for the digital asset treasury is expected to include: $1 billion in CRO, $200 million in cash, $220 million in cash exercise mandatory warrants, and a $5 billion equity credit facility provided by Yorkville affiliate YA II PN, Ltd. This structure will make it the first and largest publicly traded CRO treasury company.