Yorkville Acquisition Corp. (MCGA): debt financing — Yorkville Acquisition Corp. issues $250K working capital note to sponsor, convertible at $10/unit

Yorkville Acquisition Corp.

Issued $250,000 convertible unsecured promissory note to sponsor Yorkville Acquisition Sponsor, LLC for working capital.
Note bears no interest; principal due at earlier of business combination or winding up.
Sponsor may convert principal into units at $10.00 per unit, identical to private placement units, up to 25,000 New Units.
Conversion would yield Class A ordinary shares and one-third redeemable warrant per unit.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Yorkville Acquisition Corp. incurred convertible notes of $250,000.00 with Yorkville Acquisition Sponsor, LLC at shall not accrue interest maturing the earlier of the date on which Company consummates its initial business combination or the date that the winding up of the Company is effective.

Instrument: convertible notes
Principal: $250,000.00
Counterparty: Yorkville Acquisition Sponsor, LLC
Rate: shall not accrue interest
Maturity: the earlier of the date on which Company consummates its initial business combination or the date that the winding up of the Company is effective
Event: incurrence

Exact text from the filing

issued a convertible unsecured promissory note (the “Working Capital Note”) in the aggregate principal amount of $250,000.00 to Yorkville Acquisition Sponsor, LLC

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Yorkville Acquisition Corp. issued 25,000 New Units of convertible note to Yorkville Acquisition Sponsor, LLC for $250,000.00 aggregate principal amount.

Security: convertible note
Shares: 25,000 New Units
Purchaser: Yorkville Acquisition Sponsor, LLC
Consideration: $250,000.00 aggregate principal amount

Exact text from the filing

issued a convertible unsecured promissory note (the "Working Capital Note") in the aggregate principal amount of $250,000.00 to Yorkville Acquisition Sponsor, LLC

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Yorkville Acquisition Corp. entered into Working Capital Note with Yorkville Acquisition Sponsor, LLC valued at $250,000.00 (effective 2026-02-11).

Action: entry
Agreement: notes offering
Counterparty: Yorkville Acquisition Sponsor, LLC
Value: $250,000.00
Effective: 2026-02-11

Exact text from the filing

On February 11, 2026, Yorkville Acquisition Corp. (the “Company”) issued a convertible unsecured promissory note (the “Working Capital Note”) in the aggregate principal amount of $250,000.00 to Yorkville Acquisition Sponsor, LLC, a Delaware limited liability company (the “Sponsor”), in order to provide the Company with additional working capital.

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

Yorkville Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001104659-26-016351

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