other_material
confidence high
sentiment neutral
materiality 0.50
Yorkville Acquisition Corp. closes $172.5M IPO; $173.4M placed in trust
Yorkville Acquisition Corp.
- Sold 17,250,000 units at $10.00/unit, including full over-allotment, generating gross proceeds of $172.5M.
- Simultaneous private placement of 351,825 units to sponsor Yorkville Acquisition Sponsor LLC for $3.5M.
- Net proceeds of $173,362,500 deposited into trust account, representing $10.05 per public share.
- Transaction costs total $9.4M, including $1.2M cash underwriting fee and $5.2M deferred fee.
- Company has 24 months from June 30, 2025 to complete an initial business combination.
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