Yorkville Acquisition Corp. amends $500,000 sponsor note, convertible into up to 50,000 units
Yorkville Acquisition Corp., a blank-check company, issued an amended and restated convertible promissory note for $500,000 to its sponsor on May 4, 2026, after the sponsor advanced an additional $250,000 for working capital. The note bears no interest and is payable at the earlier of the company's initial business combination or the effective date of its winding up; the sponsor may convert it into units at $10.00 each upon a business combination. For shareholders, this increases the company's obligations to the sponsor and could add up to 50,000 new units, which would dilute existing holders if converted.
Key points
- Amended and restated note dated May 4, 2026 totals $500,000, replacing a $250,000 note issued February 11, 2026
- Sponsor advanced an additional $250,000 on May 4, 2026 for working capital
- Note is non-interest bearing and convertible at $10.00 per unit into New Units upon a business combination, capped at 50,000 units
- Each New Unit includes one Class A ordinary share and one-third of a warrant exercisable at $11.50
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.