Company: MCGAU
Filing Date: 2025-04-16
Form Type: S-1
Source: 0001213900-25-032483
Chunk: 44

Company: Yorkville Acquisition Corp.
Filing Date: 2025-04-16
Form: S-1
Chunk 44
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) to waive their rights to liquidating distributions from the trust account with respect to such shares if we fail to complete our initial business combination within the completion window. The representative shares are deemed to be underwriter’s compensation by FINRA pursuant to FINRA Rule 5110.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Proceeds to be held in trust account |     | Of the $153,255,000 in proceeds we will receive from this offering and the sale of the placement units described in this prospectus, or $176,018,250 if the underwriter’s over-allotment option is exercised in full, $150,750,000 ($10.05 per unit), or $173,362,500 ($10.05 per unit) if the underwriter’s over-allotment option is exercised in full will be deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee, and $750,000 will be used to pay expenses in connection with the closing of this offering and $750,000 for working capital following this offering. The funds in the trust account will be invested or held only in either (i) U.S. government treasury bills with a maturity of 185 days or less or in money market funds investing solely in U.S. Treasuries, (ii) uninvested cash, or (iii) an interest-bearing bank demand deposit account or other accounts at a bank. To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer we hold investments in the trust account, we may, at any time (and will no later than 24 months from the closing of this offering) instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account. For more information about the risk of the company being considered to be operating as an unregistered investment company, see “Risk Factors — Risks Relating to our Securities — If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.” The proceeds to be placed in the trust account include $4,500,000 (or up to $5,175,000 if the underwriter’s over-allotment option is exercised in full) in deferred underwriting commissions. |