Yorkville International Capital Corp. Announces $200M IPO
Yorkville International Capital Corp., a blank check company, is launching an initial public offering of 20,000,000 units at $10.00 per unit, aiming to raise $200,000,000. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. The company intends to focus its search for an initial business combination on established businesses in emerging markets, particularly Latin America and Venezuela. The offering includes an over-allotment option for an additional 3,000,000 units and private placement warrants purchased by the sponsor and underwriters.
Key Highlights
- Initial Public Offering of 20,000,000 units at $10.00 per unit.
- Aims to raise $200,000,000 from the IPO.
- Each unit consists of one Class A ordinary share and one-third of one redeemable warrant.
- Underwriters have a 45-day option to purchase up to an additional 3,000,000 units.
- Sponsor and underwriters committed to purchase 6,000,000 private placement warrants at $1.00 each.
- Initial shareholders purchased 15,333,333 Class B ordinary shares for $25,000.
- Company has 24 months from closing to complete an initial business combination.
- Up to $1,500,000 in working capital loans from sponsor may be convertible into warrants.
Price Impact
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