Corporate ActionJun 18, 2026, 05:06 PM
Yorkville International Capital Corp. Closes $230M IPO; Appoints New Directors
AI Summary
Yorkville International Capital Corp. announced the closing of its initial public offering (IPO), generating $230 million in gross proceeds. The offering included 23,000,000 units at $10.00 each, with an additional 3,000,000 units issued due to the underwriter's over-allotment option. In conjunction with the IPO, the company also completed a private placement of 6,300,000 warrants. The company also appointed four new directors to its board and entered into indemnity agreements with its directors and officers.
Key Highlights
- Yorkville International Capital Corp. consummated its initial public offering (IPO) of 23,000,000 units at $10.00 per unit.
- The IPO generated gross proceeds of $230,000,000, including the full exercise of the underwriter's over-allotment option.
- Each unit consists of one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50.
- The company also completed a private placement of 6,300,000 warrants to the Sponsor and underwriter's representative for $1.00 per warrant.
- Four new directors were appointed to the board: Kevin McGurn, Owen A. May, Mark Hiltwein, and John-Paul Colaco.
- Mark Hiltwein appointed chair of the Audit Committee; John-Paul Colaco appointed chair of the Compensation Committee.
- Indemnity agreements were entered into with all directors and officers.
Price Impact
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