secwatch.observer — SEC 8-K summary
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Issuer:     Yorkville Acquisition Corp. (MCGA)
CIK:        0002064658
Form:       8-K
Filed at:   2025-08-26T23:59:59+00:00
Accession:  0001104659-25-083153
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yorkville Acquisition Corp. (SPAC) signs definitive business combination with Crypto.com and TMTG
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- Definitive Business Combination Agreement signed with Crypto.com and Trump Media & Technology Group (TMTG) on Aug 25, 2025.
- SPAC to acquire 6.313 billion Cronos tokens and operator license from Crypto.com; also TMTG brand license.
- Consideration includes 100M shares of SPAC Class B common stock to Crypto.com, 10M shares of Class A to TMTG, plus warrants.
- Earnout warrants for TMTG trigger at SPAC share prices of $11, $20, and $40 per share within 5 years.
- Post-closing board: 3 directors from Crypto.com, 1 from TMTG, 3 independent; minimum $200M in trust required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2064658/000110465925083153/0001104659-25-083153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2064658/000110465925083153/tm2524365d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-083153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer