Yorkville Acquisition Corp. (MCGA) Form 10-Q — May 15, 2026
Yorkville Acquisition Corp. (MCGA) filed its Q1 2026 10-Q, reporting net income of $943,355 driven by $1.59 million in interest income from its trust account, offset by $652,277 in general and administrative expenses. The company holds $177.9 million in its trust account and only $60,261 in operating cash, resulting in a working capital deficit of $2.26 million. Management has issued a going-concern warning, stating there is substantial doubt about the company's ability to continue operations for one year without completing a business combination.
Key figures
- Net Income
- 943355
- Total Debt
- 250000
- Total Assets
- 178256459
- Cash Position
- 60261
- Trust Account Balance
- 177932677
- Shares Outstanding Class A
- 17831250
- Shares Outstanding Class B
- 5750000
- Working Capital Note Outstanding
- 250000
Price after filing
Close on the filing date to close N calendar days later (from $10.21). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.