Company: MCGAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076738
Chunk: 26

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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, by proxy at the applicable general meeting,
and pursuant to the Company’s amended and restated memorandum and articles of association, such actions include amending the amended
and restated memorandum and articles of association and approving a statutory merger or consolidation with another company. There is no
cumulative voting with respect to the appointment of directors, meaning, following the Company’s initial Business Combination, the
holders of more than 50% of the ordinary shares voted for the appointment of directors can elect all of the directors. Prior to the consummation
of the initial Business Combination, only holders of the Class B ordinary shares will (i) have the right to vote on the appointment
and removal of directors and (ii) be entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including
any special resolution required to amend the constitutional documents or to adopt new constitutional documents, in each case, as a result
of approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of the Class A ordinary shares
will not be entitled to vote on these matters during such time. These provisions of the amended and restated memorandum and articles of
association may only be amended if approved by a special resolution passed by the affirmative vote of at least 90% (or, where such amendment
is proposed in respect of the consummation of the initial Business Combination, two-thirds) of the votes cast by such shareholders as,
being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company.

Warrants — As of June 30, 2025, there
were 5,867,275 warrants outstanding, including 5,750,000 Public Warrants and 117,275 Private Placement Warrants. Each whole warrant entitles
the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as discussed herein. The
warrants cannot be exercised until the later of 12 months from the closing of this offering and 30 days after the completion
of the initial Business Combination, and will expire at 5:00 p.m., New York City time, five years after the completion
of the initial Business Combination or earlier upon redemption or liquidation.

The Company will not be obligated to deliver any
Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such