Company: MCGAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076738
Chunk: 59

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 (iii) may be exercised by the holders on a cashless basis, and (iv) will
be entitled to registration rights.

The Sponsor, officers and directors entered into a letter agreement
with the Company, pursuant to which they agreed to (i) waive their redemption rights with respect to any shares held by them in connection
with the completion of the initial Business Combination; (ii) waive their redemption rights with respect to any shares held by them
in connection with a shareholder vote to approve an amendment to the amended and restated memorandum and articles of association (A) to
modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination
or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within the Completion Window
or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity;
(iii) waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares and Private Placement
Shares if the Company fails to complete an initial Business Combination within the Completion Window, although they will be entitled to
liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete an initial
Business Combination within the prescribed time frame and to liquidating distributions from assets outside the Trust Account; and (iv) vote
any Founder Shares and Private Placement Shares held by them and any Public Shares purchased during or after this offering (including
in open market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements of Rule 14e-5
under the Exchange Act, which would not be voted in favor of approving the Business Combination transaction) in favor of the initial
Business Combination.

Note 5 — Segment Information

ASC Topic 280, “Segment Reporting”,
establishes standards for companies to report, in their financial statements, information about operating segments, products, services,
geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities
from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated
by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Financial Officer, who reviews the assets, operating