Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 76

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 76
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 used, in whole or in part, as consideration to complete our initial business
combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target
business or businesses, make other acquisitions and pursue our growth strategies.  

We intend to use the funds held outside the Trust Account primarily
to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices,
plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material
agreements of prospective target businesses, and structure, negotiate and complete an initial business combination.

In order to fund working capital deficiencies or finance transaction
costs in connection with an initial business combination, our Sponsor or an affiliate of our Sponsor or certain of our officers and directors
may, but are not obligated to, loan us funds as may be required. If we complete an initial business combination, we may repay such loaned
amounts out of the proceeds of the Trust Account released to us. In the event that an initial business combination does not close, we
may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, but no proceeds from our Trust Account
would be used for such repayment. Up to $1,500,000 of such loans may be convertible into units of the post-business combination entity
at a price of $10.00 per unit, at the option of the lender. As of March 31, 2025, we did not have any outstanding working capital loans.

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We may need to raise additional funds in order to meet the expenditures required for operating our business prior to our initial business
combination. We expect to incur significant costs related to identifying a target business, undertaking in-depth due diligence and negotiating
an initial business combination. These conditions raise substantial doubt about our ability to continue as a going concern for a period
of time within one year from the date that the financial statements accompanying this Quarterly Report on Form 10-Q are issued.

Contractual Obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities as of March 1, 2025.

The underwriters of the Initial Public Offering are entitled to a deferred
underwriting discount of $0.30 per Unit, or $5,175,000. The deferred fee will become payable to the underwriters from the amounts held
in the Trust Account solely in the event