Crypto.com, Trump Media Scrap Business Combination Amid Market Shifts

Trump Media & Technology Group Corp., a Florida-based company trading on the Nasdaq and NYSE Texas as DJT, has canceled its proposed business combination with Crypto.com. The deal was intended to establish Trump Media Group CRO Strategy, Inc.

The parties involved in the agreement, including Yorkville Acquisition Corp., have mutually terminated their previously announced proposed business combination due to market conditions and shifting priorities. This decision also affects a separate partnership between Crypto.com, Trump Media, and Yorkville America to service certain ETF offerings.