Yorkville Acquisition Corp. Reports Financial Performance and IPO Details

Yorkville Acquisition Corp., a blank check company incorporated in the Cayman Islands, has reported its financial performance for the period from its inception on March 3, 2025, through March 31, 2025. The company recorded a net loss of $30,424, primarily attributed to formation and general administrative expenses. As of March 31, 2025, Yorkville had total assets of $154,614, which included $12,238 in prepaid expenses and $142,376 in deferred offering costs. The company’s liabilities stood at $160,038, resulting in a shareholder’s deficit of $5,424.

In terms of operational developments, Yorkville Acquisition Corp. has not yet commenced any revenue-generating operations, as all activities to date have been related to its formation and preparation for its Initial Public Offering (IPO). The company successfully completed its IPO on June 30, 2025, selling 17,250,000 units at $10.00 per unit, which included the full exercise of the underwriters' over-allotment option. This IPO generated gross proceeds of $172,500,000. Additionally, the company sold 351,825 private placement units to its sponsor, generating an additional $3,518,250.

The company has reported a working capital deficit of $147,800 as of March 31, 2025, with no cash on hand. Prior to the IPO, Yorkville's liquidity needs were met through a $25,000 payment from its sponsor and a promissory note for up to $300,000. Following the IPO, the company placed $173,362,500 in a trust account, which will be used to fund its initial business combination. The funds will be invested in U.S. government securities or money market funds until the completion of a business combination.

Looking ahead, Yorkville Acquisition Corp. is focused on identifying and evaluating potential target businesses for its initial business combination. The company has indicated that it may need to raise additional funds to cover operational expenditures and transaction costs associated with this process. Management believes that the funds raised from the IPO and private placement will provide sufficient working capital to meet its needs through the completion of a business combination or within one year from the date of the financial statements. However, there is no assurance that the company will successfully complete a business combination within the specified timeframe.