Trump Media builds a $6.42 billion CRO reserve giant
Yorkville Acquisition Corp. (Nasdaq: YORK), Trump Media & Technology Group (DJT) and have signed a definitive agreement to merge to form Trump Media Group's CRO strategy company, focusing on acquiring $CRO as a digital asset reserve.
The new company will be jointly controlled by three parties with an expected capital of $6.42 billion, including $1 billion worth of $CRO (approximately 19% of total market capitalization), $200 million in cash, $220 million in warrant funding, and $5 billion in equity credit facilities from Yorkville affiliates.
This will be the first and largest publicly traded $CRO reserve company.
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