Business Context and Reporting Period
This Form 8-K reports the consummation of the initial public offering (IPO) by Yorkville Acquisition Corp. on June 30, 2025. The company is a Cayman Islands-based special purpose acquisition company (SPAC) and an emerging growth company. The report details the closing of the IPO and a concurrent private placement.
Key Financial Metrics
- Gross Proceeds from IPO: $172,500,000 from the sale of 17,250,000 Units at $10.00 per Unit (including 2,250,000 Units from the over-allotment option).
- Gross Proceeds from Private Placement: $3,518,250 from the sale of 351,825 Private Units to the Yorkville Acquisition Sponsor LLC at $10.00 per Unit.
- Total Funds in Trust: $173,362,500 deposited with Continental Stock Transfer & Trust Company.
- Warrant Exercise Price: $11.50 per share.
- Revenue, Profit, and Cash Flow: The filing text does not provide operating revenue, net income, or operating cash flow figures, as the company has just completed its IPO.
Material Changes
The primary material change is the transition from a pre-IPO entity to a publicly traded company on The Nasdaq Stock Market LLC. The company now has outstanding Class A ordinary shares (trading symbol: YORK), Units (YORKU), and Warrants (YORKW). This filing reflects the immediate capitalization event resulting from the IPO and private placement.
Outlook and Management Commentary
The filing confirms the successful closing of the IPO and the placement of proceeds into a trust account, which is standard for SPACs to fund a future business combination. No specific guidance regarding a target acquisition or timeline for a business combination is provided in this specific text. The company has issued an audited balance sheet as of June 30, 2025, included as Exhibit 99.1.
Investor Verification Checklist
- Verify the terms of the trust account and the conditions under which funds may be withdrawn.
- Review the full Registration Statement on Form S-1 (File No. 333-286569) for details on the Private Units and any differences from public Units.
- Examine the audited balance sheet (Exhibit 99.1) for the exact cash position and any initial liabilities.
- Confirm the redemption rights associated with the Class A ordinary shares and the expiration terms of the warrants.