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Yorkville SPAC Files S-4, Taps New CEO/CFO for Trump Media Group CRO Strategy

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Yorkville Acquisition Corp. has filed a confidential Form S-4 with the U.S. Securities and Exchange Commission, marking a significant step towards finishing its proposed enterprise mixture with associates of Trump Media & Technology Group and Crypto(.)com.

The submitting comes because the SPAC appoints two public-company veterans, Steve Gutterman as chief government officer and Sim Salzman as chief monetary officer, forward of the launch of a brand new digital-asset treasury firm centered on the Cronos (CRO) ecosystem.

Yorkville’s MCGA SPAC Moves Forward, Names New CEO and CFO

According to the filing, the SPAC, which trades on Nasdaq below the ticker MCGA, mentioned it advances its proposed enterprise mixture with associates of Trump Media & Technology Group and Crypto(.)com.

Once the transaction closes, the corporate will probably be renamed Trump Media Group CRO Strategy and proceed buying and selling below the image MCGA, quick for “Make CRO Great Again.”

Alongside the submitting, Yorkville introduced the naming of two veteran executives to guide the entity. Both executives will start transitioning into their roles because the deal approaches completion, which is anticipated within the first quarter of 2026.

The enterprise mixture seeks to ascertain a publicly traded digital-asset treasury centered on accumulating and managing giant reserves of Cronos (CRO), the native token of the Cronos blockchain ecosystem.

Under the association, founding companions, together with Trump Media, Crypto(.)com, and Yorkville, will contribute belongings to construct an organization centered on CRO acquisition, platform integration, and long-term treasury progress.

Yorkville CEO Kevin McGurn mentioned the brand new appointments present the management required for what he described as a high-value alternative for shareholders.

Executives from Crypto(.)com and Trump Media echoed that message, citing the incoming group’s expertise in digital belongings, capital markets, and large-scale company transactions.

Gutterman brings many years of public-company management expertise, together with a current stint as CEO of Gryphon Digital Mining, the place he oversaw a company turnaround and eventual sale to American Bitcoin.

Earlier in his profession, he held senior roles at ETRADE Financial and ETRADE Bank. Salzman additionally beforehand held senior finance roles at Gryphon, Marathon Digital Holdings, Corner Bar Management, and the Las Vegas Monorail Company.

CRO Treasury Plans Advance Despite 34% Price Slide and $38M Unrealized Loss

The CRO-focused entity they may lead has been taking form for months. The strategy was first announced in August 2025, outlining a plan to place the corporate as the primary main publicly traded CRO treasury.

Initial funding commitments embody roughly $1 billion value of CRO tokens, $200 million in money, $220 million in warrants, and a $5 billion fairness line of credit score from Yorkville affiliate YA II PN, Ltd.

If executed as proposed, the corporate would handle one of many largest single-asset crypto treasuries available in the market, with almost all reserves allotted to CRO.

The construction mirrors a company treasury mannequin just like Strategy’s long-running accumulation of Bitcoin, however applies the idea to the Cronos ecosystem.

The firm intends to accumulate CRO, stake its holdings by Crypto(.)com Custody, and generate a yield estimated at round 6% yearly. It additionally plans to run a validator node on Cronos to additional help community capabilities whereas compounding rewards.

Meanwhile, Trump Media has been integrating CRO extra deeply into its personal platforms. Over the previous a number of months, the company has replaced plans for an in-house utility token with a system that converts Truth Social “gems” into CRO through Crypto.com’s pockets infrastructure.

CRO-based funds for subscriptions and platform options are deliberate for future releases.

Trump Media has additionally bought a whole bunch of thousands and thousands of CRO tokens instantly. In September, it closed a $105 million settlement with Crypto.com to accumulate 684.4 million tokens at a median worth of about $0.153.

Source: CoinGecko

CRO’s market efficiency has been unstable throughout these developments. Trump Media Corp. at present holds 756 million CRO, valued at roughly $75 million, exhibiting an unrealized lack of about $38.7 million amid a 34% worth decline.

The token is buying and selling round $0.099, down 32% over the previous month.

The publish Yorkville SPAC Files S-4, Taps New CEO/CFO for Trump Media Group CRO Strategy appeared first on Cryptonews.

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