Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 65

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 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.

19

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 that we complete an initial business combination, subject to the terms of the underwriting agreement.

Critical Accounting Estimates

The preparation of financial statements and related
disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date
of the financial statements, and income and expenses during the periods reported. Actual results could materially differ from those estimates.
We have not identified any critical accounting estimates as of March 31, 2025.

Recent Accounting Pronouncements

In November 2023, the FASB issued Accounting
Standard Update 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”