Mark Angelo (YICCU) discloses direct and sponsor-held Class B founder shares
Rhea-AI Filing Summary
Yorkville International Capital Corp. director and 10% owner Mark Angelo has filed an initial statement of holdings. The filing reports Class B ordinary shares that are convertible into Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at the holder’s option.
Angelo holds 150,000 Class B ordinary shares directly under a subscription agreement with the issuer and is associated with a further 15,033,000 Class B ordinary shares held by Yorkville International Capital Sponsor, LLC under a separate subscription agreement. Through Yorkville Advisors entities, he has voting and investment discretion over the Sponsor’s shares but disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ANGELO MARK
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 150,000 shares (Direct);
Class B Ordinary Shares — 15,033,000 shares (Indirect, See Footnote)
Footnotes (4)
- F1. As described in the registration statement on Form S-1 (File No. 333-295912) of Yorkville International Capital Corp. (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
- F2. Representing 150,000 Class B ordinary shares held by Mark Angelo directly, which were acquired pursuant to a subscription agreement by and between Mr. Angelo and the Issuer.
- F3. These Class B ordinary shares are held by Yorkville International Capital Sponsor, LLC (the "Sponsor") and were acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer.
- F4. Yorkville Advisors Global, LP ("Yorkville LP") is the manager of the Sponsor. Yorkville Advisors Global II, LLC ("Yorkville LLC") is the General Partner of Yorkville LP. Mr. Angelo, as the managing member of Yorkville LLC, holds voting and investment discretion with respect to the Class B ordinary shares held of record by the Sponsor and may be deemed to have beneficial ownership of the Class B ordinary shares held by the Sponsor. Mr. Angelo disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Direct Class B holdings: 150,000 shares
Indirect Class B holdings: 15,033,000 shares
Conversion ratio: 1-for-1
+1 more
4 metrics
Direct Class B holdings
150,000 shares
Class B ordinary shares held directly by Mark Angelo
Indirect Class B holdings
15,033,000 shares
Class B ordinary shares held by Yorkville International Capital Sponsor, LLC
Conversion ratio
1-for-1
Class B ordinary shares convert into Class A ordinary shares
Exercise price
$0.0000 per share
Conversion/exercise price for Class B into Class A ordinary shares
Key Terms
Class B ordinary shares, Founder Shares, initial business combination, beneficial ownership, +1 more
5 terms
initial business combination financial
"will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
beneficial ownership financial
"may be deemed to have beneficial ownership of the Class B ordinary shares held by the Sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
subscription agreement financial
"were acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer"
A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Mark Angelo report owning in Yorkville International Capital Corp. (YICCU) on this Form 3?
Mark Angelo reports holdings of Class B ordinary shares of Yorkville International Capital Corp. These include 150,000 shares held directly and a much larger block held indirectly through the Sponsor entity, all convertible into Class A ordinary shares on a one-for-one basis.
What role does Yorkville International Capital Sponsor, LLC play in Angelo’s YICCU holdings?
Yorkville International Capital Sponsor, LLC holds Class B ordinary shares acquired under a subscription agreement with the issuer. Yorkville Advisors entities manage the Sponsor, and Angelo, as managing member of Yorkville LLC, has voting and investment discretion over these shares, subject to a beneficial ownership disclaimer.