Yorkville International Capital (YICCU) sponsor reports 15,033,000 founder shares
Rhea-AI Filing Summary
Yorkville International Capital Sponsor, LLC filed an initial ownership report for Yorkville International Capital Corp., showing it directly holds 15,033,000 Class B ordinary shares. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis at the company’s initial business combination, or earlier at the holder’s option, and have no expiration date.
The footnotes explain that these founder shares were acquired under a subscription agreement with the issuer. A related fund, YA II PN, Ltd., holds an economic interest in most of these shares, and Mark Angelo may be deemed a beneficial owner through control entities, though he disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- 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. The Class B ordinary shares held by Yorkville International Capital Sponsor, LLC (the "Sponsor") were acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer. YA II PN, Ltd. ("YA II PN") is a member of the Sponsor and holds an economic interest with respect to the majority of the Class B ordinary shares held by the Sponsor. YA II PN is a fund managed by Yorkville Advisors Global, LP ("Yorkville LP"). Yorkville LP is the manager of the Sponsor. Yorkville Advisors Global II, LLC ("Yorkville LLC") is the General Partner of Yorkville LP. Yorkville LLC's President and Managing Member, Mark Angelo, has the authority to make investment decisions for Yorkville II PN. 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.