Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 64

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 2025, we had net loss of $30,424, which consisted of formation, general and administrative expenses.

Liquidity, Capital Resources and Going Concern

As of March 31, 2025, we had no cash and a working capital deficit
of $147,800.

Until the consummation of the Initial Public Offering, our only source
of liquidity was from the $25,000 of proceeds from our Sponsor’s purchase of Class B ordinary shares, par value $0.0001 per share,
and a loan from our Sponsor pursuant to a promissory note to cover certain expenses.

Subsequent to the quarterly period covered by
this Quarterly Report, on June 30, 2025, we consummated the Initial Public Offering of 17,250,000 Units, which includes the full exercise
by the underwriters of their over-allotment option 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 an aggregate of 351,825 Private Placement Units
to the Sponsor at a price of $10.00 per Private Placement Unit, generating gross proceeds of $3,518,250.

Following our Initial Public Offering and the sale of Private Placement
Units to the Sponsor, a total of $173,362,500 was placed in the Trust Account.

We intend to use substantially all of the funds held in the Trust Account,
including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our initial business
combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our initial business
combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target
business or businesses, make other acquisitions and pursue our growth strategies.  

We intend to use the funds held outside the Trust Account primarily
to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices,
plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material
agreements of prospective target businesses, and structure, negotiate and complete an initial business combination.

In order to fund working capital deficiencies or finance transaction
costs in connection with an initial business combination, our Sponsor or an affiliate of our Sponsor or certain of our officers and