Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 43

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 43
---
 working capital
deficit of $147,800. The Company’s liquidity needs prior to the consummation of the Initial Public Offering were satisfied through
receipt of $25,000 from the Sponsor in exchange for the issuance of Founder Shares, and up to $300,000 under the promissory note (as defined
in Note 6). On July 2, 2025, the promissory note was repaid in full. In connection with the Company’s assessment of going concern
considerations in accordance with FASBASC Topic 205-40, “Presentation of Financial Statements — Going Concern”,
subsequent to the consummation of the Initial Public Offering, the Company’s liquidity has been satisfied through the net proceeds
from the consummation of the Initial Public Offering and the sale of Private Placement Units held outside of the Trust Account. Based
on the foregoing, Management believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through
the earlier of the consummation of a Business Combination or one year from this filing. The Company cannot be assured that its plans to
consummate an Initial Business Combination will be successful.

Note 2 — Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”)
for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities
and Exchange Commission (“SEC”). Certain information or footnote disclosures normally included in financial statements prepared
in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting.
Accordingly, the financial statements do not include all the information and footnotes necessary for a complete presentation of financial
position, results of operations, or cash flows.

In the opinion of management, the accompanying
unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair
presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed financial statements should be
read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on June 30, 2025, as well
as the Company’s Current Report on Form 8-K, as filed with the SEC on July 7, 2025. The interim results for the period from