Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 63

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 issued to the owners of the target,
debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing.

On June 30, 2025, we consummated our Initial Public
Offering of 17,250,000 Units, which includes the full exercise by the underwriters of their over-allotment option in the amount of 2,250,000
Units, at $10.00 per Unit, generating gross proceeds of $172,500,000. Simultaneously with the closing of the Initial Public Offering,
we consummated the sale of 351,825 Private Placement Units, in a private placement to the Sponsor, at a price of $10.00 per Private Placement
Unit, generating gross proceeds of $3,518,250.

18

Upon the closing of the Initial Public Offering and the private placement,
$173,362,500 ($10.05 per Unit) of the net proceeds of the sale of the Units and the Private Placement Units were placed in a U.S.-based
trust account (the “Trust Account”), located in the United States with Continental Stock Transfer & Trust Company
acting as trustee, and will be invested only in United States “government securities” within the meaning of Section 2(a)(16)
of the Investment Company Act, having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7
promulgated under the Investment Company Act which invests only in direct U.S. government treasury obligations, as determined by us, until
the earlier of: (i) the completion of an initial business combination and (ii) the distribution of the Trust Account as described
below.

Results of Operations

As of March 31, 2025, we had not commenced any operations. All activity
from inception through March 31, 2025 relates to our formation and preparation for our Initial Public Offering. We will not generate any
operating revenues until after the completion of an initial business combination, at the earliest. We will generate non-operating income
in the form of interest and dividend income from the proceeds derived from the Initial Public Offering and placed in the Trust Account.
We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance),
as well as for due diligence expenses.

For the period from March 3, 2025 (inception)
through March 31