Company: MCGAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076738
Chunk: 4

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 issuance of Class B ordinary shares 
     12,762 
  
    Formation, general and administrative expenses paid by Sponsor under promissory note – related party 
     41,195 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (85,000)
  
    Accounts payable 
     30,680 
  
    Accrued expenses 
     8,801 
  
    Net cash used in operating activities 
     (83,696)

    Cash Flows from Investing Activities: 

    Investment of cash in Trust Account 
     (173,362,500)
  
    Net cash used in investing activities 
     (173,362,500)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Units 
     172,500,000 
  
    Proceeds from Private Placement Units 
     3,518,250 
  
    Payment of underwriting fee 
     (1,155,750)
  
    Capital contribution from Sponsor 
     181,750 
  
    Payment of offering costs 
     (130,224)
  
    Net cash provided by financing activities 
     174,914,026 

    Net Change in Cash and Cash Equivalents 
     1,467,830 
  
    Cash and Cash Equivalents - Beginning 
     — 
  
    Cash and Cash Equivalents - Ending 
    $1,467,830 

    Non-Cash Investing and Financing Activities: 

    Deferred offering costs included in accrued offering costs 
    $573,472 
  
    Deferred offering costs contributed by Sponsor through promissory note – related party 
    $83,528 
  
    Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $12,238 
  
    Deferred underwriter fee payable 
    $5,175,000 

The accompanying notes are an integral part of
these unaudited condensed financial statements.

4

YORKVILLE ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

Note 1 — Organization and Business Operations

Yorkville Acquisition Corp. (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted company on March 3, 2025. The Company was incorporated for the purpose
of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar