TechFlow news, August 26 — According to Globe Newswire, Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT), Crypto.com, and special purpose acquisition company Yorkville Acquisition Corp. (Nasdaq: YORK) announced today that they have entered into a definitive agreement to form Trump Media Group CRO Strategy, a digital asset reserve company.
The company plans to establish a CRO token reserve supported by 1 billion CRO tokens (approximately 6.313 billion tokens, representing about 19% of the total CRO market cap), $420 million in cash and warrants, and a $5 billion credit facility from affiliates of Yorkville. Upon completion of the transaction, the new company will be majority-owned by Yorkville, Trump Media, and Crypto.com, and is expected to be listed on Nasdaq under the ticker symbol "MCGA."
