Loan & DebtJul 15, 2026, 05:16 PM
Yorkville Acquisition Corp. Amends Convertible Note to $500,000
AI Summary
Yorkville Acquisition Corp. issued an amended and restated convertible unsecured promissory note for $500,000 to its Sponsor, Yorkville Acquisition Sponsor, LLC. This note consolidates a previous $250,000 note and an additional $250,000 advance for working capital. The note does not accrue interest and is convertible at the Sponsor's election upon the consummation of the initial business combination into up to 50,000 New Units at a price of $10.00 per unit.
Key Highlights
- Amended and restated convertible note issued for $500,000.
- Note issued to Yorkville Acquisition Sponsor, LLC.
- Consolidates prior $250,000 note and new $250,000 advance.
- Convertible into up to 50,000 New Units at $10.00 per unit.
- Each New Unit includes one Class A share and one-third warrant.
- Warrants exercisable at $11.50 per share.
- Note bears no interest.
Price Impact
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