Yorkville Acquisition Corp. Completes $172.5 Million IPO
Deal News | Jul 01, 2025 | EIN
Yorkville Acquisition Corp., a blank check company incorporated in the Cayman Islands, successfully closed its initial public offering of $172.5 million. The offering comprised 17,250,000 units, with each unit including one Class A ordinary share and one-third of one redeemable warrant. Priced at $10.00 per unit, this includes the exercise of the underwriters’ over-allotment option in full. The units started trading on the Nasdaq Global Market under the ticker symbol YORKU, with the Class A ordinary shares and warrants expected to trade separately as YORK and YORKW respectively. Clear Street acted as the sole book-running manager, and various legal firms were involved in the process. Yorkville intends to use the net proceeds from the IPO to pursue business combinations, focusing on media, technology, and entertainment sectors. Forward-looking statements express potential plans and associated risks. Yorkville has not yet identified specific merger targets.
Sectors
- Finance
- Media, Technology, and Entertainment
Geography
- United States – Yorkville Acquisition Corp. operates out of New Jersey, and the units are trading on Nasdaq, a U.S. stock exchange.
- Cayman Islands – Yorkville Acquisition Corp. is incorporated in the Cayman Islands as an exempted company.
Industry
- Finance – The article discusses a financial transaction involving the closing of an initial public offering by Yorkville Acquisition Corp.
- Media, Technology, and Entertainment – Yorkville Acquisition Corp. intends to focus its business combination efforts on targets located at the intersection of these sectors.
Financials
- $172,500,000 – Gross proceeds from Yorkville Acquisition Corp.'s initial public offering.
- $10.00 – Price per unit sold in the IPO.
- $11.50 – Exercise price for the redeemable warrants associated with the units.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Yorkville Acquisition Corp. | Issuer | Company | A blank check company incorporated for the purpose of effecting a merger or similar business combination. |
| Clear Street | Book-running manager | Company | Served as the sole book-running manager for the offering. |
| D. Boral Capital LLC | Co-manager | Company | Acted as co-manager of the offering. |
| DLA Piper LLP (US) | Legal adviser | Company | Serving as legal counsel to Yorkville Acquisition Corp. |
| Maples and Calder (Cayman LLP) | Legal adviser | Company | Serving as Cayman Islands legal counsel to Yorkville Acquisition Corp. |
| Loeb & Loeb LLP | Legal adviser | Company | Serving as legal counsel to the underwriters. |