Every 10-Q that Yorkville Acquisition Corp. Unit (YORKU) has filed with the SEC in the last 24 months is listed below, 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 YORKU 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 YORKU filings page.
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.
Yorkville Acquisition Corp. completed an initial public offering of 17,250,000 Units at $10.00 per Unit (including full exercise of a 2,250,000 Unit over-allotment), generating gross proceeds of $172,500,000. Of the proceeds, $173,362,500 (including Private Placement proceeds) were placed in a Trust Account invested in short-term U.S. government obligations or qualifying money market funds to be held pending an initial Business Combination.
The Company issued 5,750,000 Class B Founder Shares and 581,250 Class A ordinary shares outstanding (excluding 17,250,000 Public Shares subject to redemption). Each Unit includes one Class A share and one-third of a warrant; 5,750,000 Public Warrants and 117,275 Private Placement Warrants are outstanding, exercisable at $11.50 per share under specified conditions. Offering costs include $1,155,750 cash underwriting fee, $5,175,000 deferred underwriting fee, $2,294,250 representative shares expense, and $799,463 other offering costs.
The Company discloses a going concern assessment noting sufficient liquidity for working capital for at least one year from issuance of the financial statements but states there is no assurance it will complete a Business Combination. The Trust Account proceeds are not available except in limited circumstances and may be subject to creditor claims.
Yorkville Acquisition Corp. was formed on March 3, 2025 as a Cayman Islands blank check company and had not commenced operations as of March 31, 2025. Activity in the period related to formation and the initial public offering process, producing a net loss of $30,424 driven by formation, general and administrative costs.
As of March 31, 2025 the Company reported no cash and a working capital deficit of $147,800. Founder shares of 5,750,000 Class B shares were issued to the Sponsor for $25,000, with up to 750,000 subject to forfeiture dependent on the underwriters' over-allotment option. In a subsequent event disclosed, on June 30, 2025 the Company completed its Initial Public Offering of 17,250,000 Units at $10.00 per Unit (including full over-allotment), generating gross proceeds of $172,500,000, and sold 351,825 Private Placement Units for $3,518,250. A total of $173,362,500 was placed in a Trust Account to be invested in short-term U.S. government securities or qualifying money market funds.