WEST PALM BEACH, Fla., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Yorkville Acquisition Corp. (Nasdaq: MCGA), a special purpose acquisition company (the "SPAC") sponsored by Yorkville Acquisition Sponsor LLC, announced today the appointments of public company veterans, Steve Gutterman as CEO and Sim Salzman as CFO in connection with the closing of the proposed business combination (the "Business Combination"). The Business Combination will result in the founding partners of Trump Media Group CRO Strategy, Inc., which include Trump Media & Technology Group (Nasdaq: DJT) and Crypto.com, contributing assets to establish a digital asset treasury company focused on acquisition of the native cryptocurrency token of the Cronos ecosystem ("CRO").

"CRO is a high-performance token, and Trump Media Group CRO Strategy, which will aggregate CRO, is poised to unlock significant value for shareholders," said Kevin McGurn, CEO of Yorkville Acquisition Corp. "To capitalize on this opportunity, we need strong strategic partners in the industry and an experienced management team. We already had the partners; now we've added the team."

"Steve and Sim are proven leaders with deep crypto and capital markets expertise to lead such a historic project," said Kris Marszalek, Co-Founder and CEO of Crypto.com. "This is the next significant milestone for Trump Media Group CRO Strategy and CRO, and this is still just the beginning of the journey."

"Such an ambitious project requires effective and experienced leadership in both digital assets and capital markets," said Devin Nunes, CEO and President of Trump Media. "Steve and Sim have a strong track record in both areas, and we are excited to bring them on."

Mr. Gutterman brings decades of experience successfully leading high growth businesses, from start-ups to multi-billion-dollar businesses. He has led businesses in public listings, several turnarounds, and over 40 acquisitions and dispositions, as well as having led capital raises in the aggregate of over $2 billion. Mr. Gutterman most recently headed Gryphon Digital Mining (Nasdaq: GRYP), where he served as CEO to lead the bitcoin mining company's turnaround and secured its sale to American Bitcoin. Having served as CEO or President for companies across various industries, Mr. Gutterman was also previously Executive Vice President of E*TRADE Financial Corporation and Chief Operating Officer of E*TRADE Bank.

"This is a defining moment for cryptocurrencies and for digital asset treasuries," said Mr. Gutterman. "MCGA is uniquely positioned to scale and create shareholder value. No one else has the partners or the positioning that we do. Sim and I could not be more excited to lead MCGA and to work with the teams at Yorkville, Crypto.com and Trump Media to Make CRO Great Again."

Mr. Salzman is a 20-year finance and accounting veteran with deep experience leading high-stakes transactions, SEC reporting, and digital-asset strategy across multiple public, high-growth companies. As CFO of various firms, he has overseen complex capital-markets execution and large-scale M&A processes. Mr. Salzman most recently served as CFO of Gryphon Digital Mining. Working alongside Mr. Gutterman, he led the company through its merger with American Bitcoin and supported its turnaround by restructuring its balance sheet and regaining Nasdaq compliance. Mr. Salzman has also served as CFO for digital asset technology and cryptocurrency mining company Marathon Digital Holdings, Inc., Las Vegas Monorail Company, and Corner Bar Management.

"It is an honor to accept this role with Trump Media Group CRO Strategy, " said Salzman. "Steve and I are focused on delivering value to shareholders and on maintaining the highest standards of transparency and compliance as we grow."

Alongside this news, Yorkville Acquisition Corp. has published a business overview presentation of the proposed Business Combination, providing key facts, educational information, and supplemental information. The presentation is available here: https://mcga.com/documents/overview.pdf

Mssrs. Gutterman and Salzman will begin to transition into their roles at the closing of the Business Combination, which is expected to occur in the first quarter of 2026.

Advisors

Clear Street is serving as exclusive capital markets advisor to Yorkville Acquisition Corp. DLA Piper LLP (US) is serving as legal counsel to Yorkville Acquisition Corp. and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Crypto.com. Yorkville Securities, LLC has acted as an advisor to Yorkville Acquisition Sponsor LLC, the sponsor to the SPAC.

About Trump Media Group CRO Strategy

Trump Media Group CRO Strategy is committed to strategically investing for the future by connecting traditional investment opportunities with digital asset ecosystems. Our mission is to implement a forward-looking digital asset treasury strategy centered on the accumulation and active management of CRO.

About Yorkville Acquisition Corp.

Yorkville Acquisition Corp. is a blank check company newly incorporated as a Cayman Islands exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company may pursue an initial business combination target in any business or industry or at any stage of its corporate evolution. The company's primary focus will be on completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team. The board of Yorkville Acquisition Corp. is pursuing this business combination, subject to customary closing conditions. For more information, please visit www.yorkvilleac.com.

Yorkville Acquisition Corp. is sponsored by Yorkville Acquisition Sponsor LLC. Yorkville Securities, LLC has acted as an advisor to Yorkville Acquisition Sponsor LLC.

About Trump Media

The mission of Trump Media is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.

About Crypto.com

Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet$(TM)$. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.

Additional Information and Where to Find It

Yorkville Acquisition Corp. intends to file with the Securities and Exchange Commission (the "SEC") a Registration Statement on Form S-4 (as may be amended, the "Registration Statement"), which will include a preliminary proxy statement of Yorkville Acquisition Corp. and a prospectus (the "Proxy Statement/Prospectus") in connection with the Business Combination. The definitive proxy statement and other relevant documents will be mailed to shareholders of Yorkville Acquisition Corp. as of a record date to be established for voting on the Business Combination and other matters as described in the Proxy Statement/Prospectus. Yorkville Acquisition Corp. will also file other documents regarding the Business Combination with the SEC. This communication does not contain all of the information that should be considered concerning the Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF YORKVILLE ACQUISITION CORP. AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH YORKVILLE ACQUISITION CORP.'S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT YORKVILLE ACQUISITION CORP. AND THE BUSINESS COMBINATION. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by Yorkville Acquisition Corp., without charge, once available, on the SEC's website at www.sec.gov or by directing a request to: Yorkville Acquisition Corp., 1012 Springfield Avenue, Mountainside, New Jersey 07092; e-mail: YORK@mzgroup.us.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE BUSINESS COMBINATION DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

Participants in the Solicitation

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December 01, 2025 08:45 ET (13:45 GMT)