Yorkville Acquisition Corp , 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”).
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“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.”
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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.
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“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.
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.
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Source : globenewswire