Company: MCGAU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001104659-25-112474
Chunk: 14

Company: Yorkville Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 2
Chunk 14
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Unregistered Sales of Equity Securities

No unregistered sales of equity securities were completed by the Company during the fiscal quarter ending on September 30, 2025.

As disclosed in Items 1.01 and 3.02 of the Company’s Current Report on Form 8‑K filed on August 26, 2025, the Company entered into a Business Combination Agreement and related agreements that contemplate the issuance, at the closing of the Business Combination, of shares of the Company’s capital stock and warrants to certain counterparties as transaction consideration and in related financing arrangements. These contemplated issuances are subject to customary closing conditions and have not occurred as of the date of this report. Accordingly, no securities have been issued, no proceeds have been received, and no sales of the Company’s securities have taken place in connection with these agreements during the period covered by this report.

If and when the closing occurs, the Company expects that any such issuances will be made in private transactions in reliance on exemptions from registration under the Securities Act of 1933, as amended, including Section 4(a)(2) and, where applicable, Regulation D and/or Regulation S. Any unregistered sales that occur immediately before, at, or after the closing of the Business Combination will be reported in the Company’s periodic reports covering the period in which such issuances occur and/or in a Current Report on Form 8‑K, as appropriate.

Use of Proceeds

On June 30, 2025, the Company consummated its initial public offering of 17,250,000 units, including 2,250,000 units issued pursuant to the underwriters’ full exercise of their over‑allotment option, at a price of $10.00 per unit, generating gross proceeds of $172,500,000. Simultaneously with the closing of the offering, the Company consummated the private placement to the Sponsor of 351,825 private placement units at a price of $10.00 per unit, for aggregate gross proceeds of $3,518,250. Each private placement unit consists of one Class A ordinary share and one‑third of one redeemable warrant, each whole warrant exercisable to purchase one Class A ordinary share at $11.50 per share. After deducting the underwriting discounts and commissions paid at closing and offering expenses, an aggregate of $173,362,500 ($10.05 per unit) from