Yorkville America Equities, LLC announced it has entered into an agreement to acquire the Point Bridge America First ETF (MAGA) into the Truth Social Funds product lineup, expanding the America First-themed exchange-traded fund offerings under the Truth.Fi brand of Trump Media & Technology Group Corp.
The boards of trustees of the Truth Social Funds and ETF Series Solutions have approved the proposed transaction. If shareholders also approve the deal, it is expected to close in the second quarter of 2026.
Upon completion, the Point Bridge America First ETF will be reorganized into the Truth Social America First ETF. The fund currently manages approximately $32 million in assets. Under the transaction terms, the target fund will transfer all assets to the acquiring fund in exchange for shares of the acquiring fund, which will assume all liabilities. Shareholders will receive shares of the new ETF equal in value to the net asset value of their holdings immediately prior to closing. The transaction is expected to qualify as a tax-free reorganization for U.S. federal income tax purposes.
Following the acquisition, Yorkville America Equities will serve as investment adviser to the Truth Social America First ETF. Point Bridge Capital, LLC will continue handling day-to-day portfolio management as sub-adviser, while Tuttle Capital Management, LLC will act as trading sub-adviser responsible for executing portfolio trades and broker-dealer selection. Vident Asset Management will not continue as sub-adviser after the transaction.
The Truth Social Funds are part of the Truth.Fi financial services and fintech brand associated with Trump Media, which operates the Truth Social platform and Truth+ streaming service. The ETF suite is designed to provide exposure to U.S.-focused innovation, energy independence, national security, and domestic economic leadership themes.
The proposed acquisition remains subject to customary shareholder and regulatory approvals. Proxy materials will be distributed to shareholders of record in connection with the vote.
KEY QUOTES:
“I’m excited to take the Point Bridge America First ETF to the next level with this acquisition by Yorkville and the Truth Social Funds. I launched the ‘MAGA ETF’ in 2017 to give investors the opportunity to invest in US based America First companies that reflect those values. I’m proud of the success of the MAGA ETF and look forward to this great alignment of values with Yorkville and the Truth Social Funds.”
Hal Lambert, Founder Of Point Bridge Capital
“We are thrilled to bring the Point Bridge America First ETF into the Truth Social Funds family. What Hal Lambert and the Point Bridge Capital organization stand for aligns completely with the values and philosophy of the Truth Social Funds. We align with America First.”
Steve Neamtz, President Of Yorkville America Equities
