Company: MCGAU
Filing Date: 2025-06-06
Form Type: S-1/A
Source: 0001213900-25-051715
Chunk: 10

Company: Yorkville Acquisition Corp.
Filing Date: 2025-06-06
Form: S-1/A
Chunk 10
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 of association (i) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within the completion window, or (ii) with respect to any other material provisions relating to the rights of holders of Class A ordinary shares or pre -initialbusiness combination activity and (c) the redemption of our public shares if we are unable to complete our initial business combination within 24 months from the closing of this offering (which can be extended without shareholder approval by up to an additional six months, for a total completion window of up to 30 months) or by such earlier liquidation date as our board of directors may approve, subject to applicable law. Pursuant to our amended and restated memorandum and articles of association, in order to avail ourselves of a funded extension option, we must deposit, or cause to be deposited, into the trust account funds equal to the product of (x) the number of public shares then issued and outstanding and (y) $0.0333 per public share for each month that the period of time to consummate an initial business combination is extended. Our amended and restated memorandum and articles of association also provide that, if we enter into a letter of intent with a potential target business in connection with an initial business combination, we may extend the period of time to consummate an initial business combination by an additional three months without being required to deposit any funds into the trust account. Notwithstanding the foregoing, the period of time to consummate an initial business combination may not be extended beyond 30 months from the closing of this offering through the use of an extension option without shareholder approval. The proceeds deposited in the trust account could become subject to the claims of our creditors, if any, which could have priority over the claims of our public shareholders. Public shareholders will not have voting or redemption rights with respect to the extension options. Because our sponsor acquired the founder shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti -dilutionrights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one -for -onebasis upon conversion. See the section titled “Risk