Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 54

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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 segment information provided to the CODM on a regular basis.

Note 6 — Related Party Transactions

Founder Shares

On March 5, 2025, the Company issued an aggregate of 5,750,000 Class B
ordinary shares, $0.0001 par value (the “Founder Shares”), in exchange for a $25,000 payment (approximately $0.004 per share)
from the Sponsor to cover certain expenses on behalf of the Company. Up to 750,000 of the Founder Shares were subject to complete or partial
forfeiture by the Sponsor for no consideration depending on the extent to which the underwriters’ over-allotment option was
exercised. On June 30, 2025, the underwriters fully exercised their over-allotment option.

13

As used herein, unless the context otherwise requires, “Founder
Shares” shall be deemed to include the Public Shares issuable upon conversion thereof. The Founder Shares are identical to the Public
Shares included in the Units being sold in the Initial Public Offering except that the Founder Shares automatically convert into
Public Shares at the time of the initial Business Combination (with such conversion taking place immediately prior to, simultaneously
with, or immediately following the time of the initial Business Combination, as may be determined by the directors of the Company) or
earlier at the option of the holder and are subject to certain transfer restrictions, as described in more detail below. The Sponsor has
agreed to forfeit up to an aggregate of 750,000 Founder Shares to the extent that the over-allotment option is not exercised in full by
the underwriters so that the Founder Shares will represent approximately 25% of the Company’s issued and outstanding shares
after the Initial Public Offering. If the Company increases or decreases the size of the offering, the Company will effect a share capitalization
or share surrender, as applicable, immediately prior to the consummation of the Initial Public Offering in such amount as to maintain
the Founder Share ownership of the Company’s shareholders prior to the Initial Public Offering at 25% of the Company’s issued
and outstanding ordinary shares upon the consummation of the Initial Public Offering. The Sponsor will not be entitled to redemption rights
with respect to any Founder Shares and any Public Shares held by the Sponsor in connection with the completion of the initial Business
Combination. If the initial Business Combination is not completed within 24 months from the closing of the Initial Public Offering,
the Sponsor