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Trump Media, Crypto.com spin out exchange token SPAC
The president’s namesake media company, Trump Media and Technology Group (DJT), has agreed to a deal with Yorkville Acquisition Corp. The Cayman Islands-incorporated "blank-check company" and DJT will launch a crypto treasury firm geared toward stockpiling Crypto.com’s native token, CROS (CRO), the partnering companies disclosed in a Tuesday filing. The new firm will be called Trump Media Group CRO Strategy and is expected to trade under the ticker symbol MCGA. It will be majority owned by the president’s media company, along with Crypto.com and advisor Yorkville. Also known as a special purpose ... (full story)
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