Here are the 10-Q quarterly reports from Yorkville Acquisition Corp. (MCGA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MCGA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MCGA filings page.
Yorkville Acquisition Corp., a Cayman Islands SPAC, reported June 30, 2026 interim results with total assets of $179.9 million, largely comprising $179.5 million in a Trust Account invested in treasury-backed money market funds. The company has not begun operating activities and generates non-operating income from trust investments.
For the six months ended June 30, 2026, Yorkville recorded net income of $2.36 million, driven by $3.20 million of income on trust investments, partially offset by $0.83 million of general and administrative expenses. Cash outside the Trust Account was $181,617, and the working capital deficit was $2.40 million, including a $500,000 related-party working capital note and $2.21 million of accrued expenses.
The SPAC has 17,250,000 Class A public shares classified as redeemable at $10.31 per share and 5,750,000 Class B founder shares. A previously signed Business Combination Agreement involving Crypto.com and Trump Media & Technology Group was mutually terminated on August 7, 2026. Management discloses substantial doubt about the company’s ability to continue as a going concern because it must complete a business combination by June 27, 2027 or liquidate and expects to continue incurring significant costs while having limited liquidity.
Yorkville Acquisition Corp., a SPAC, reported modest first-quarter net income of $943,355 for the three months ended March 31, 2026, driven entirely by investment income on IPO proceeds held in trust. Income on investments in the Trust Account was $1,594,402, while general and administrative expenses were $652,277, and the company has not yet begun operating a business.
As of March 31, 2026, Yorkville held $177,932,677 in its Trust Account and only $60,261 of cash outside the trust, resulting in a working capital deficit of $2,258,970. Management disclosed that these conditions, along with ongoing costs to pursue a merger, raise substantial doubt about its ability to continue as a going concern.
The SPAC is pursuing a complex Business Combination Agreement signed on August 25, 2025 with Crypto.com affiliates and Trump Media & Technology Group, involving a contribution of 6,313,000,212 Cronos tokens and related assets in exchange for SPAC equity and warrants. After quarter-end, CEO Kevin McGurn resigned on April 22, 2026 and was replaced by Troy Rillo, who will also continue as Chief Financial Officer.