Yorkville Acquisition Corp Issues Convertible Promissory Note

The latest update is out from Yorkville Acquisition Corp Class A ( (MCGA) ).

On February 11, 2026, Yorkville Acquisition Corp. issued a $250,000 unsecured, interest-free convertible promissory note to its sponsor, Yorkville Acquisition Sponsor, LLC, to provide additional working capital as it pursues its initial business combination. The note is repayable upon either completion of the business combination or the company’s winding up, and at the time of the business combination the sponsor may elect to convert some or all of the principal into up to 25,000 units identical to the SPAC’s private placement units, each comprising one Class A share and one-third of a warrant exercisable at $11.50, underscoring reliance on sponsor funding to bridge pre-deal expenses and potential dilution for shareholders if converted.

More about Yorkville Acquisition Corp Class A

Yorkville Acquisition Corp. is a special purpose acquisition company (SPAC) formed to consummate an initial business combination, typically by merging with or acquiring an operating business. It raised capital through an initial public offering of units consisting of Class A ordinary shares and redeemable warrants, and it relies on sponsor-provided financing to fund working capital needs before completing a transaction.

Average Trading Volume: 176,412

Technical Sentiment Signal: Strong Sell

Current Market Cap: $239.1M

For an in-depth examination of MCGA stock, go to TipRanks’ Overview page.