Company: MCGAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076738
Chunk: 33

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 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 June 30, 2025, we had not commenced any operations. All activity
from inception through June 30, 2025 relates to our formation and our Initial Public Offering, and, since the completion of the Initial
Public Offering, our search for a target to consummate an initial business combination. 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 three months ended June 30, 2025, we had
net loss of $61,710, which consisted of formation, general and administrative expenses of $63,574, offset by interest income of $1,864.

For the period from March 3, 2025 (inception)
through June 30, 2025, we had net loss of $92,134, which consisted of formation, general and administrative expenses of $93,998, offset
by interest income of $1,864.

Liquidity, Capital Resources and Going Concern

As of June 30, 2025, we had $1,467,830 in cash
and cash equivalents held outside of the Trust Account and a working capital deficit of $815,154 (excluding cash and marketable securities
held in the Trust Account and the deferred underwriter fee payable).

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 of