Yorkville Acquisition Corp. Reports $499,085 Net Income for 2025, Focuses on Business Combination

Yorkville Acquisition Corp., a blank check company, reported a net income of $499,085 for the year ended December 31, 2025. This income was primarily driven by $2.98 million in net investment and interest income from the Trust Account, which was offset by $2.49 million in general and administrative expenses. The company, formed on March 3, 2025, has been focused on identifying and negotiating a potential business combination since its Initial Public Offering (IPO). As of December 31, 2025, Yorkville Acquisition Corp. had not yet commenced operations and did not generate any operating revenues.

The company's financial performance is significantly influenced by its management of the Trust Account, which held $176.34 million as of December 31, 2025. The funds are invested in U.S. government treasury obligations and money market funds, generating non-operating income. The company's strategy involves identifying a target business for a merger, share exchange, asset acquisition, or similar business combination. The company has incurred $9.42 million in transaction costs related to the IPO, including underwriting fees and other offering expenses.

A significant strategic development occurred on August 25, 2025, when Yorkville Acquisition Corp. executed a Business Combination Agreement with YA S3 Inc., Crypto.com, Crypto.com Sub, the Sponsor, and TMTG. This agreement aims to establish a digital asset treasury of CRO, the native token of the Cronos blockchain ecosystem. The proposed transaction involves the contribution of assets by the Sellers in exchange for transaction shares and warrants. Upon completion of the Business Combination, the company will be renamed Trump Media Group CRO Strategy.

Key operational developments include the completion of the IPO on June 30, 2025, which generated gross proceeds of $172.5 million, and the simultaneous sale of Private Placement Units to the Sponsor for $3.52 million. As of March 31, 2026, the company had 17,831,250 Class A ordinary shares and 5,750,000 Class B ordinary shares issued and outstanding. The company's management team is focused on identifying and evaluating suitable acquisition candidates, primarily in the cryptocurrency and financial services sectors. The company's ability to complete a business combination is subject to various risks and uncertainties, including market conditions, regulatory changes, and the availability of suitable targets.

Looking ahead, Yorkville Acquisition Corp. faces challenges related to its ability to complete a business combination within the specified timeframe. The company's financial statements include a going concern note, indicating substantial doubt about its ability to continue as a going concern for a period of one year from the issuance date of the financial statements. Management plans to address this uncertainty through a Business Combination. The company may need to raise additional capital to cover operating expenses and transaction costs. If the company is unable to complete a business combination, it will be forced to liquidate, and public shareholders may receive less than $10.05 per share, while warrants will expire worthless.