Company: MCGAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076738
Chunk: 24

Company: Yorkville Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 are issued) agree not to transfer, assign or sell any such shares without the
Company’s prior consent until the completion of a Business Combination. In addition, the Representative Shares are deemed to
be underwriting compensation by the Financial Industry Regulatory Authority, Inc. (“FINRA”) pursuant to FINRA
Rule 5110 and will, accordingly, be subject to certain transfer restrictions or a period of 180 days beginning on the date
of commencement of sales of the Units in the Initial Public Offering. Furthermore, Clear Street agreed (and any of its
designees to whom the Representative Shares are issued agree) (i) to waive its redemption rights (or right to participate in
any tender offer) with respect to such shares in connection with the completion of the Company’s initial Business Combination
and (ii) to waive its rights to liquidating distributions from the Trust Account with respect to such shares if the Company
fails to complete a Business Combination within the Completion Window.

Note 8 — Shareholders’ Deficit

Preference Shares — The Company
is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. At June 30, 2025, there were no preference
shares issued or outstanding.

Class A Ordinary Shares —
The Company is authorized to issue a total of 200,000,000 Class A ordinary shares at par value of $0.0001 each. At June 30, 2025, 581,250
shares of Class A ordinary shares were issued and outstanding, excluding 17,250,000 shares subject to possible redemption.

Class B Ordinary Shares —
The Company is authorized to issue a total of 20,000,000 Class B ordinary shares at par value of $0.0001 each. At June 30, 2025, there
were 5,750,000 Class B ordinary shares issued and outstanding.

The Founder Shares will automatically convert into Class A ordinary
shares concurrently with or immediately following the consummation of the initial Business Combination or earlier at the option of the
holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations
and the like, and subject to further adjustment as provided herein. In the case that additional Class A ordinary shares, or any other
equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related to or in