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  • 14 hours ago
Trump Media and Crypto.com are advancing plans to take Cronos public via a merger with Yorkville Acquisition Corp, with a new entity expected to launch in early 2026. The proposed treasury will hold more than $6 billion in assets, though the value of its CRO holdings has fallen sharply. Trump Media also plans to purchase $105 million in CRO for use across Truth Social reward programs.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump Media and Technology Group and Crypto.com are moving forward with plans to take Kronos
00:07public through a combination with Yorkville Acquisition Corp., according to Benzinga.
00:12Yorkville has confidentially filed an S. For it to form Trump Media Group's CRO strategy,
00:17incorporated leadership roles are set for Steve Gutterman as CEO and Sim Salesman as CFO once
00:23the deal closes in the first quarter of 2026. The proposed treasury would exceed $6 billion
00:29in assets, including $6.3 billion CRO, $200 million in cash, $220 million in warrants,
00:38and a $5 billion equity line of credit. The value of the CRO portion has fallen from nearly $1 billion
00:44at announcement to about $636 million. Trump Media plans to buy $105 million in CRO and use the token
00:53in Truth Social and Truth Plus Reward programs. For all things money, visit Benzinga.com.
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