Company: MCGAU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073705
Chunk: 55

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 will not be entitled to rights to liquidating distributions from the Trust Account with respect to any Founder Shares held
by it.

The Sponsor has agreed not to transfer, assign
or sell any of its Founder Shares until the earlier to occur of (A) one year after the completion of the initial Business Combination
or (B) subsequent to the initial Business Combination (x) if the last reported sale price of the Class A ordinary shares
equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, rights issuances, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial
Business Combination or (y) the date on which the Company completes a liquidation, merger, share exchange, reorganization or other
similar transaction that results in all of the public shareholders having the right to exchange their ordinary shares for cash, securities
or other property.

Promissory Note — Related Party

On March 5, 2025, the Company and the Sponsor entered into a loan
agreement, whereby the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public
Offering pursuant to a promissory note (the “Note”). The Note was non-interest bearing, unsecured and due at the earlier
of March 25, 2026, or the date on which the Company consummates the Initial Public Offering. As of March 31, 2025, the Company
had not borrowed under the Note.

Related Party Loans

In addition, in order to finance transaction costs
in connection with its initial Business Combination, the Sponsor or an affiliate of the Sponsor, or the Company’s officers and directors
may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes
its initial Business Combination, the Company would repay the Working Capital Loans. In the event that the initial Business Combination
does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds
held in the Trust Account would be used to repay the Working Capital Loans. If the Sponsor makes any Working Capital Loans, such loans
may be convertible into private placement-equivalent units of the post-Business Combination entity at a price of $10.00 per unit