Yorkville Acquisition Corp. Announces Closing of $172,500,000 Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option
Rhea-AI Summary
Yorkville Acquisition Corp. (Nasdaq: YORKU) has successfully completed its initial public offering (IPO), raising $172.5 million in gross proceeds. The company sold 17,250,000 units at $10.00 per unit, which included the full exercise of the underwriters' over-allotment option of 2,250,000 units.
Each unit comprises one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant allows holders to purchase one Class A ordinary share at $11.50 per share. The units began trading on Nasdaq under "YORKU" on June 27, 2025, with the Class A ordinary shares and warrants expected to trade separately under "YORK" and "YORKW" respectively.
Clear Street is serving as the sole book-running manager, with D. Boral Capital LLC as co-manager. The company plans to use the proceeds from the offering and simultaneous private placement to pursue a business combination.
Positive
- Successfully raised $172.5 million in gross proceeds from IPO
- Full exercise of underwriters' over-allotment option, indicating strong demand
- Trading on major exchange (Nasdaq Global Market)
- Clear structure with warrant incentives for investors at $11.50 exercise price
Negative
- SPAC structure with no identified acquisition target yet
- Potential dilution from warrant exercises
- Investment depends on future successful business combination
News Market Reaction
On the day this news was published, YORKU declined 1.33%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Mountainside, NJ, June 30, 2025 (GLOBE NEWSWIRE) -- Yorkville Acquisition Corp. (Nasdaq: YORKU) (the “Company”) today announced that it closed its initial public offering of 17,250,000 units, including the issuance of 2,250,000 units as result of the underwriters’ exercise of their over-allotment option in full, at
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of
The Company intends to use the net proceeds from the offering and the simultaneous private placement of units to pursue and consummate a business combination with one or more businesses.
Clear Street is acting as the sole book-running manager in the offering. D. Boral Capital LLC is acting as co-manager of the offering. DLA Piper LLP (US) is serving as legal counsel to the Company and Maples and Calder (Cayman LLP) is serving as Cayman Islands legal counsel to the Company. Loeb & Loeb LLP is serving as legal counsel to the underwriters.
The offering was made only by means of a prospectus, copies of which may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.
A registration statement relating to these securities sold in the initial public offering was declared effective by the Securities and Exchange Commission (“SEC”) on June 26, 2025.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Yorkville Acquisition Corp.
The Company is a blank check company incorporated in the Cayman Islands as an exempted company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination. While the Company may pursue a business combination target in any business or industry, it intends to focus its search for businesses at the intersection of media, technology, and entertainment.
Forward-Looking Statements
This press release includes forward-looking statements, including with respect to the Company's anticipated use of the net proceeds thereof and the Company's search for an initial business combination. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the registration statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov.
Contact Information
Yorkville Acquisition Corp.
1012 Springfield Avenue
Mountainside, New Jersey 07092
Kevin McGurn
Chief Executive Officer
Email: kjmcgurn@gmail.com
FAQ
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