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YORK 资讯
YORK 事件
Yorkville Shares Important Details on Upcoming Business Merger
Yorkville Acquisition Corp. (YORK), along with the founding partners of Trump Media CRO Strategy (MCGA), provides key information as the Business Combination process continues to current and prospective shareholders, stakeholders, and partners regarding the announcement of Trump Media Group CRO Strategy. Yorkville Acquisition Corp. will be renamed to Trump Media Group CRO Strategy, Inc. upon the closing of the proposed business combination among Yorkville Acquisition Corp., Trump Media & Technology Group Corp. (DJT) and Crypto.com. The parties previously entered into a definitive agreement for a Business Combination to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on the acquisition of the native cryptocurrency token of the Cronos ecosystem,
Yorkville Acquisition's ticker symbol to change to 'MCGA' prior to merger.
Yorkville Acquisition (YORK), a special purpose acquisition company, announced that commencing at market open on September 8, its common stock will trade on Nasdaq under the new ticker symbol "MCGA." Yorkville Acquisition will be renamed to Trump Media Group CRO Strategy upon the closing of the proposed business combination between Yorkville, Trump Media & Technology (DJT) and Crypto.com. The parties previously entered into a definitive agreement for a business combination to establish Trump Media Group CRO Strategy, a digital asset treasury company focused on acquisition of native cryptocurrency token of the Cronos ecosystem .
Trump Media and Crypto.com Establish Cooperation and Purchase Agreements
Trump Media and Technology Group (DJT) has signed a mutual cooperation agreement and a purchase agreement creating a strategic partnership with Crypto.com. According to the mutual cooperation agreement, Trump Media will introduce a rewards system on the Truth Social and Truth+ platforms that uses the Crypto.com digital wallet infrastructure and that adopts the Cronos (CRO) digital currency as a utility token. The company said, "Cronos is a high performance, interoperable blockchain designed for speed, scalability, and seamless connectivity between networks, making it a strong foundation for the future American digital economy. It enables low-cost, high-speed smart contract deployment and smooth integration with other major blockchain ecosystems, unlocking widescale adoption of decentralized applications in finance, commerce, and public infrastructure, without the congestion or costs of legacy networks. With its proof-of-authority consensus, robust validator set, and enterprise-grade security, Cronos delivers the performance and reliability needed to power mission-critical applications at scale. Crypto.com is a long-time supporter of the open-source Cronos blockchain project, and has incorporated the CRO token and the Cronos protocol into various offerings provided to its customer base to provide exposure to blockchains and the benefits in how they operate in a safe, secure, and regulated environment." The Trump Media-Crypto.com mutual cooperation agreement provides for the following: Trump Media will integrate the CRO token on its Truth Social and Truth+ platforms. In a pioneering initiative, the company will partner with Crypto.com to create an updated rewards system and allow Truth Social and Truth+ users to use Crypto.com's digital wallet infrastructure to convert gems, earned for participating in various activities across the platforms, into CRO and other benefits. Crypto.com will provide digital wallet infrastructure that will anchor the Truth Social rewards program. Further planned partnership synergies include providing Truth users the ability to pay for subscriptions and services with their Crypto.com CRO balance, and providing free or discounted Truth+ subscriptions for users who open a Crypto.com account. Both companies will co-market the Truth+ platform and the Crypto.com wallet. The companies' purchase agreement establishes the following: Trump Media will purchase approximately $105M in CRO for its balance sheet and Crypto.com will purchase $50M in shares of common stock in Trump Media, both subject to a lockup period. Trump Media will secure its CRO with Crypto.com Custody service, which will enable Trump Media to stake it for additional revenue generation. This Trump Media-Crypto.com strategic partnership follows the announcement of a newly formed entity, Trump Media Group CRO Strategy, Inc., which has entered into a definitive agreement for a business combination with Yorkville Acquisition Corp (YORK) to form a digital asset treasury company focused on acquisition of CRO.
Yorkville, Trump Media, and Crypto.com to Formulate CRO Strategy for Trump Media Group
Yorkville Acquisition Corp. (YORK), Trump Media & Technology Group Corp. (DJT) and Crypto.com announced they have entered into a definitive agreement for a business combination to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquisition of the native cryptocurrency token of the Cronos ecosystem. Yorkville Acquisition Corp. is a special purpose acquisition company sponsored by Yorkville Acquisition Sponsor. At the close of the Business Combination, Trump Media Group CRO Strategy will be majority-owned by Yorkville, Trump Media, and Crypto.com, together as founding partners. Expected funding for the digital asset treasury will consist of $1 billion in CRO, $200 million in cash and $220 million cash-in mandatory exercise warrants, with an additional $5 billion equity line of credit from an affiliate of Yorkville, YA II PN, Ltd., which would make it the first and largest publicly traded CRO treasury company, as well as what we believe to be the largest digital asset treasury company to market cap ratio in history. YA II PN, Ltd. has also entered into a backstop agreement to purchase Class A ordinary shares of Yorkville Acquisition Corp., capped at no more than 9.9% beneficial ownership of the shares, that are validly submitted for redemption by public shareholders and not withdrawn prior to the closing of the Business Combination. Yorkville Acquisition Corp. will apply to have its Class A ordinary shares trade on Nasdaq under the symbol "MCGA", with such change to occur prior to the Business Combination and the new symbol to transfer to Trump Media Group CRO Strategy upon the closing of the Business Combination. Yorkville Acquisition Corp. will separately announce when that change in symbol will occur. In support of the long-term commitment to Trump Media Group CRO Strategy, Yorkville, Trump Media and Crypto.com have agreed to a mandatory one-year initial lock-up period on their founding shareholdings, including all warrants granted, following the closing of the Business Combination. The initial lock-up period will be followed by an additional 3-year restrictive release schedule. Trump Media Group CRO Strategy will use its funding to establish a digital asset treasury of CRO, the native token of the Cronos blockchain ecosystem. Following the completion of the Business Combination, Trump Media Group CRO Strategy will implement a forward-looking digital asset treasury strategy centered on the accumulation and active management of CRO. This approach is designed to capture long-term value by allocating substantially all of the Company's cash reserves to acquiring CRO. By focusing on yield-generating, ecosystem-aligned assets rather than traditional non-productive holdings, Trump Media Group CRO Strategy aims to enhance capital efficiency, establish itself as a disciplined, long-term participant in the evolving digital asset landscape and benefit from early-stage market positioning in a growing asset.
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