Company: MCGAU
Filing Date: 2025-04-16
Form Type: S-1
Source: 0001213900-25-032483
Chunk: 244

Company: Yorkville Acquisition Corp.
Filing Date: 2025-04-16
Form: S-1
Chunk 244
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 at the option of the lender at the time of the business combination. The units would be identical to the placement units sold in the private placement. If we do not complete our initial business combination, the working capital loans and extension loans would be repaid out of funds not held in the Trust Account, and only to the extent available. Ordinary Shares Upon the closing of this offering and the private placement, 20,525,000 ordinary shares will be issued and outstanding (assuming no exercise of the underwriter’s over -allotmentoption and the corresponding forfeiture of 750,000 founder shares by our sponsor), including: •15,000,000 Class A ordinary shares constituting part of the units being offered in this offering; •325,500 Class A ordinary shares constituting part of the placement units being sold in the private placement; •199,500 representative shares being issued to Clear Street; and •5,000,000 Class B ordinary shares held by our initial shareholders. If we increase or decrease the size of this offering, we will effect a share capitalization or share surrender or repurchase or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the ownership of founder shares by our sponsor at 25% of our issued and outstanding founder shares and public shares upon the consummation of this offering. Any additional Class B ordinary shares issued to our sponsor through such a share capitalization would be issued at their nominal par value and may result in material dilution to the implied value of the shares held by our public shareholders. Class A ordinary shareholders and Class B ordinary shareholders of record are entitled to one vote for each share held on all matters to be voted on by shareholders and vote together as a single class, except as required by law or as provided below. Prior to our initial business combination, only holders of our founder shares will have the right to vote on the appointment or removal of directors. Holders of our public shares will not be entitled to vote on the appointment or removal of directors during such time, unless there are no longer any Class B ordinary shares outstanding. In addition, prior to our initial business combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason. These provisions of our amended and restated memorandum and articles of association may only be amended by a special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of