Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 56

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 56
---
 (“Working
Capital Units”), with each unit comprised of one Class A ordinary share (“Working Capital Share”) and one-third
of one warrant to purchase one Class A ordinary share at an exercise price of $11.50 per share (“Working Capital Warrant”).
As of March 31, 2025, the Company had no borrowings under the Working Capital Loans.

Additionally, in order to finance potential extensions, the Sponsor
or an affiliate of the Sponsor, or the Company’s officers and directors may, but are not obligated to, loan the Company up to $3,450,000
in extension loans (assuming the underwriters exercise their over-allotment option and no Public Shares have been redeemed at the time
of each extension), as may be required (“Extension Loans”). The Extension Loans may be convertible private placement-equivalent
units of the post-business combination entity at a price of $10.00 per unit (“Extension Units”), with each unit comprised
of one Class A ordinary share (“Extension Share”) and one-third of one warrant to purchase one Class A ordinary
share at an exercise price of $11.50 per share (“Extension Warrant”). As of March 31, 2025, the Company had no borrowings
under the Extension Loans.

14

Note 7 — Commitments and Contingencies

Risks and Uncertainties

United States and global markets are experiencing
volatility and disruption following the geopolitical instability resulting from the ongoing wars between Russia and Ukraine and between
Israel and Hamas, Iran and its proxies in certain of the neighboring countries in the Middle East. In response to the ongoing war between
Russia and Ukraine, the North Atlantic Treaty Organization (“NATO”) deployed additional military forces to eastern Europe,
and the United States, the United Kingdom, the European Union and other countries have announced various sanctions and restrictive
actions against Russia, Belarus and related individuals and entities, including the removal of certain financial institutions from the
Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) payment system. Certain countries, including the United States,
have also provided and may continue to provide military aid or other assistance to Ukraine and to Israel, increasing geopolitical tensions
among a number of nations. The ongoing wars between Russia and Ukraine and between Israel and Hamas, Iran and its proxies in certain of
the neighboring countries in the Middle East and the resulting measures that have been taken, and could be taken in the future, by NATO,
the United States, the United