Yorkville Acquisition Corp. is a SPAC with no operations, revenue, or products. Yorkville raised $172.5M in its June 2025 IPO, placing $173.4M (including private placement proceeds) into a trust account at $10.05 per share, and has 24 months to close a deal. Yorkville has already announced its target: a three-way business combination with Crypto.com and Trump Media & Technology Group (TMTG) to create Trump Media Group CRO Strategy (TMGCS), a publicly traded digital asset treasury company. The structure involves Crypto.com contributing roughly 6.3B CRO tokens — the native token of the Cronos blockchain — in exchange for shares and warrants, and TMTG contributing the "Trump Media Group" brand name and certain IP rights (not its social media business) in exchange for shares and warrants. A Sponsor affiliate has committed to ensure at least $200M is available at closing and to purchase up to $5B of TMGCS Class A shares post-closing at a 2.75% discount to market. If the deal closes, TMGCS would function similarly to MicroStrategy's Bitcoin treasury model, holding CRO as its primary asset, issuing equity to accumulate more CRO over time, and operating a Cronos proof-of-stake validator node to earn staking rewards. TMGCS would have no traditional operating business; its value would be almost entirely driven by the price of CRO tokens. Public shareholders who do not want exposure to the combined entity can redeem shares at approximately $10.05 per share from the trust.