Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 2

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 such, no Class B ordinary shares were forfeited.

The accompanying notes are an integral part of
these unaudited condensed financial statements.

3

YORKVILLE ACQUISITION CORP.

UNAUDITED CONDENSED STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM MARCH 3, 2025 (INCEPTION)
THROUGH MARCH 31, 2025

    Cash Flows from Operating Activities: 

    Net loss 
    $(30,424)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Formation, general and administrative costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
     12,762 
  
    Changes in operating assets and liabilities: 

    Accrued expenses 
     14,387 
  
    Accounts payable 
     3,275 
  
    Net cash used in operating activities 
     — 
  
    Net change in cash 
     — 
  
    Cash – beginning of period 
     — 
  
    Cash – end of period 
    $— 

    Supplemental disclosure of non-cash investing and financing activities: 

    Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $12,238 
  
    Deferred offering costs included
    in accrued offering costs 
    $142,376 

The accompanying notes are an integral part of
these unaudited condensed financial statements.

4

YORKVILLE ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

MARCH 31,2025

Note 1 — Organization and Business Operations

Yorkville Acquisition Corp. (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted company on March 3, 2025. The Company was incorporated for the purpose
of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar 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 March 31, 2025, the Company has not commenced
any operations. All activity for the period from March