other material
confidence high
sentiment neutral
materiality 0.60
Yorkville International Capital Corp. closes $230M IPO and $6.3M private placement
Yorkville International Capital Corp.
- Sold 23M units at $10.00 each, including 3M over-allotment units; total gross proceeds $230M.
- Private placement of 6.3M warrants at $1.00 each to sponsor and underwriters generated $6.3M.
- $230M deposited in trust account; company has 24 months to complete initial business combination.
- Audited balance sheet shows $231.5M total assets, $9.55M total liabilities, and ($8.09M) shareholders' deficit.
- Transaction costs totaled $14.3M, including $9.2M deferred underwriting commissions.