Company: MCGAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076738
Chunk: 75

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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,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 $124,723 from our Sponsor pursuant to a promissory note to cover certain expenses.

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.

For the period from March 3, 2025 (inception)
through June 30, 2025, net cash used in operating activities was $83,696. Net loss of $92,134, was adjusted by formation, general and
administrative expenses paid by Sponsor under promissory note – related party of $41,195, formation, general and administrative
expenses paid by Sponsor in exchange for issuance of Class B ordinary shares of $12,762, and $8,438 changes in operating assets and liabilities.
Net cash used in investing activities was $173,362,500 related to the funding of the Trust Account. Net cash provided by financing activities
was $174,914,026 related to $171,344,250 of net proceeds from the issuance of ordinary shares, $3,518,250 of proceeds from sale of Private
Placement Units, and $181,750 of capital contributions from the Sponsor, offset by $130,224 payments of deferred offering costs.

As of June 30, 2025, we had marketable securities held in the Trust
Account of $173,362,500 consisting of securities held in a money market fund that invests in U.S. Treasury securities with a maturity
of 185 days or less. 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 deferred underwriting fees and 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