Company: MCGAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076738
Chunk: 61

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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 deemed to include the Public Shares issuable upon conversion thereof. The Founder Shares are identical to the Public
Shares included in the Units being sold in the Initial Public Offering except that the Founder Shares automatically convert into
Public Shares at the time of the initial Business Combination (with such conversion taking place immediately prior to, simultaneously
with, or immediately following the time of the initial Business Combination, as may be determined by the directors of the Company) or
earlier at the option of the holder and are subject to certain transfer restrictions, as described in more detail below. The Sponsor has
agreed to forfeit up to an aggregate of 750,000 Founder Shares to the extent that the over-allotment option is not exercised in full by
the underwriters so that the Founder Shares will represent approximately 25% of the Company’s issued and outstanding shares
after the Initial Public Offering. If the Company increases or decreases the size of the offering, the Company will effect a share capitalization
or share surrender, as applicable, immediately prior to the consummation of the Initial Public Offering in such amount as to maintain
the Founder Share ownership of the Company’s shareholders prior to the Initial Public Offering at 25% of the Company’s issued
and outstanding ordinary shares upon the consummation of the Initial Public Offering. The Sponsor will not be entitled to redemption rights
with respect to any Founder Shares and any Public Shares held by the Sponsor in connection with the completion of the initial Business
Combination. If the initial Business Combination is not completed within 24 months from the closing of the Initial Public Offering,
the Sponsor will not be entitled to rights to liquidating distributions from the Trust Account with respect to any Founder Shares held
by it.

13

The Sponsor has agreed not to transfer, assign
or sell any of its Founder Shares until the earlier to occur of (A) one year after the completion of the initial Business Combination
or (B) subsequent to the initial Business Combination (x) if the last reported sale price of the Class A ordinary shares
equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, rights issuances, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial
Business Combination or (y) the date on which the Company completes a liquidation, merger, share