Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 58

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 fully exercised their over-allotment option.

The underwriters were paid a cash underwriting discount of $1,155,750
($0.067 per Unit offered in the Initial Public Offering). Additionally, the underwriters are entitled to a deferred fee of $0.30 per Unit,
or $5,175,000. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event
that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

15

Representative Shares

The Company issued to Clear Street and/or its designees 229,425 Class A
ordinary shares (the “Representative Shares”) upon the consummation of the Initial Public Offering. The Company accounted
for the Representative Shares as an expense of the Initial Public Offering, resulting in a charge directly to shareholder’s equity.
Clear Street (and any of its designees to whom the Representative Shares are issued) agree not to transfer, assign or sell any such shares
without the Company’s prior consent until the completion of a Business Combination. In addition, the Representative Shares are deemed
to be underwriting compensation by the Financial Industry Regulatory Authority, Inc. (“FINRA”) pursuant to FINRA Rule 5110
and will, accordingly, be subject to certain transfer restrictions or a period of 180 days beginning on the date of commencement
of sales of the Units in the Initial Public Offering. Furthermore, Clear Street agreed (and any of its designees to whom the Representative
Shares are issued agree) (i) to waive its redemption rights (or right to participate in any tender offer) with respect to such shares
in connection with the completion of the Company’s initial Business Combination and (ii) to waive its rights to liquidating
distributions from the Trust Account with respect to such shares if the Company fails to complete a Business Combination within the Completion
Window.

Note 8 — Shareholder’s Deficit

Preference Shares — The Company
is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. At March 31, 2025, there were no preference
shares issued or outstanding.

Class A Ordinary Shares —
The Company is authorized to issue a total of 200,000,000 Class A ordinary shares at par value of $0.0001 each. At March 31, 2025, there
were no shares of Class A ordinary shares