Company: MCGAU
Filing Date: 2025-04-16
Form Type: S-1
Source: 0001213900-25-032483
Chunk: 45

Company: Yorkville Acquisition Corp.
Filing Date: 2025-04-16
Form: S-1
Chunk 45
---
27

|                                          |     | Pursuant to our amended and restated memorandum and articles of association, in order to avail ourselves of a funded extension option, we must deposit, or cause to be deposited, into the trust account funds equal to the product of (x) the number of public shares then issued and outstanding and (y) $0.0333 per public share for each month that the period of time to consummate an initial business combination is extended. Pursuant to our amended and restated memorandum and articles of association, we may also avail ourselves of the LOI extension option, which allows us to extend the period of time to consummate an initial business combination by an additional three months without being required to deposit any funds into the trust account. Notwithstanding the foregoing, the period of time to consummate an initial business combination may not be extended beyond 24 months from the closing of this offering through the use of an extension option without shareholder approval.                                                                                                                                                                                                                                                                                                                                                           
 Except with respect to interest earned on the funds held in the trust account that may be released to us to pay our taxes (other than excise or similar taxes), if any, and up to $100,000 of interest to pay dissolution expenses, the proceeds from this offering and the private placement will not be released from the trust account until the earliest of (i) the completion of our initial business combination, (ii) the redemption of any public shares properly tendered in connection with a shareholder vote to amend our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within the completion window or (B) with respect to any other material provisions relating to the rights of holders of Class A ordinary shares or pre-business combination activity and (iii) the redemption of all of our public shares if we are unable to complete our initial business combination within the completion window, subject to applicable law. The proceeds deposited in the trust account could become subject to the claims of our creditors, if any, which could have priority over the claims of our public shareholders. |
| Anticipated expenses and funding sources |     | Unless and until we complete our initial business combination, no proceeds held in the trust account will be available for our use, except the withdrawal of interest to pay taxes or to redeem our public shares in connection with an amendment to our amended and restated memorandum and articles of association