Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 28

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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10.05 per Unit) of the net proceeds of the sale of the Units and the Private Placement Units were placed in a U.S.-based
trust account (the “Trust Account”), located in the United States with Continental Stock Transfer & Trust 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 March 31, 2025, we had not commenced any operations. All activity
from inception through March 31, 2025 relates to our formation and preparation for our Initial Public Offering. 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 period from March 3, 2025 (inception)
through March 31 2025, we had net loss of $30,424, which consisted of formation, general and administrative expenses.

Liquidity, Capital Resources and Going Concern

As of March 31, 2025, we had no cash and a working capital deficit
of $147,800.

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 from our Sponsor pursuant to a promissory note to cover certain expenses.

Subsequent to the quarterly period covered by
this Quarterly Report, on June 30, 2025, we consummated the Initial Public Offering of 17,250,000 Units, which includes the full exercise
by the underwriters of their over-allotment option of 2,250,000