Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 23

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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ees to whom the Representative Shares are issued) agree not to transfer, assign or sell any such shares
without the Company’s prior consent until the completion of a Business Combination. In addition, the Representative Shares are deemed
to be underwriting compensation by the Financial Industry Regulatory Authority, Inc. (“FINRA”) pursuant to FINRA Rule 5110
and will, accordingly, be subject to certain transfer restrictions or a period of 180 days beginning on the date of commencement
of sales of the Units in the Initial Public Offering. Furthermore, Clear Street agreed (and any of its designees to whom the Representative
Shares are issued agree) (i) to waive its redemption rights (or right to participate in any tender offer) with respect to such shares
in connection with the completion of the Company’s initial Business Combination and (ii) to waive its rights to liquidating
distributions from the Trust Account with respect to such shares if the Company fails to complete a Business Combination within the Completion
Window.

Note 8 — Shareholder’s Deficit

Preference Shares — The Company
is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. At March 31, 2025, there were no preference
shares issued or outstanding.

Class A Ordinary Shares —
The Company is authorized to issue a total of 200,000,000 Class A ordinary shares at par value of $0.0001 each. At March 31, 2025, there
were no shares of Class A ordinary shares issued or outstanding.

Class B Ordinary Shares —
The Company is authorized to issue a total of 20,000,000 Class B ordinary
shares at par value of $0.0001 each. On March 5, 2025, the Company issued 5,750,000 Class B ordinary shares to the Sponsor for
$25,000, or approximately $0.004 per share. The Founder Shares included an aggregate of up to 750,000 shares subject to complete
or partial forfeiture if the over-allotment option was not exercised by the underwriters in full or in part. On June 30, 2025, the
underwriters fully exercised their over-allotment option. At March 31, 2025, there were 5,750,000 Class B ordinary shares issued and outstanding.

The Founder Shares will automatically convert into Class A ordinary
shares concurrently with