Company: MCGAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076738
Chunk: 5

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 business combination with one or more
businesses (the “Business Combination”). The Company has not selected any specific Business Combination target, and the Company
has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any Business Combination target
with respect to an initial Business Combination with the Company.

As of June 30, 2025, the Company has not commenced
any operations. All activity for the period from March 3, 2025 (inception) through June 30, 2025 relates to the Company’s formation
and the initial public offering (the “Initial Public Offering”), as defined below. The Company will not generate any operating
revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income
in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering. The Company has
selected December 31 as its fiscal year end.

On June 30, 2025, the Company consummated the
Initial Public Offering of 17,250,000 units (the “Units” and, with respect to the Class A ordinary shares included in the
Units being offered, the “Public Shares”), which includes the full exercise by the underwriters of their over-allotment option
in the amount of 2,250,000 Units, at $10.00 per Unit, generating gross proceeds of $172,500,000. Each Unit consists of one Class A ordinary
share and one-third of one redeemable warrant (each, a “Public Warrant”). Each whole warrant entitles the holder to purchase
one Class A ordinary share at a price of $11.50 per share.

Simultaneously with the closing of the Initial
Public Offering, the Company consummated sale of an aggregate 351,825 units (the “Private Placement Units” and, with respect
to the Class A ordinary shares included in the Private Placement Units being offered, the “Private Placement Shares”) at a
price of $10.00 per Private Placement Unit, in a private placement to the Company’s sponsor, Yorkville Acquisition Sponsor LLC (the
“Sponsor”) in the Initial Public Offering, generating gross proceeds of $3,518,250. Each Private Placement Unit consists of
one Class A ordinary share (each, a “Private Placement Share”) and one-third of one redeemable warrant (each, a “Private
Placement Warrant