Company: MCGAU
Filing Date: 2025-06-06
Form Type: S-1/A
Source: 0001213900-25-051715
Chunk: 160

Company: Yorkville Acquisition Corp.
Filing Date: 2025-06-06
Form: S-1/A
Chunk 160
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 our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes and other disadvantages compared to our competitors who have less debt. 104 As indicated in the accompanying financial statements, at March 5, 2025 we had no cash, and a working capital deficit of $25,471. Further, we expect to continue to incur significant costs in the pursuit of our initial business combination. We cannot assure you that our plans to raise capital or to complete our initial business combination will be successful. Results of Operations and Known Trends or Future Events We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business combination. We expect to generate non -operatingincome in the form of interest income on cash and cash equivalents after this offering. There has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements. After this offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially after the closing of this offering. Liquidity and Capital Resources Our liquidity needs have been satisfied prior to completion of this offering through receipt of $25,000 through a capital contribution from our sponsor and up to $300,000 in loans from our sponsor under an unsecured promissory note. As of March 5, 2025, we had not borrowed any amount under the promissory note with our sponsor. We estimate that the net proceeds from: (i) the sale of the units in this offering, after deducting offering expenses of approximately $750,000 and the non -deferredunderwriter’s discount of $1,005,000, and (ii) the sale of 325,500 placement units to our sponsor for an aggregate purchase price of $3,255,000, will be $151,500,000 (or $174,112,500 if the underwriters’ over -allotmentoption is exercised in full), of which $150,750,000 (or $173,362,500 if the underwriters’ over -allotmentoption is exercised in full) will be held in the trust account. If our offering expenses exceed our