---
title: "Yorkville Acquisition Amends Working Capital Note to $500,000, Convertible at $10/Unit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292818381.md"
description: "Yorkville Acquisition Corp. amended its working capital note with its sponsor to $500,000 unsecured, interest-free debt. The note is convertible into up to 50,000 units at $10 per unit upon a business combination or winding up. This move aims to bolster the SPAC's liquidity ahead of its initial business combination."
datetime: "2026-07-15T21:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292818381.md)
  - [en](https://longbridge.com/en/news/292818381.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292818381.md)
generator: "portal-rs"
---

# Yorkville Acquisition Amends Working Capital Note to $500,000, Convertible at $10/Unit

Yorkville Acquisition entered into an amended and restated working capital note with its sponsor to bolster liquidity. The $500,000 unsecured note bears no interest and is payable at the earlier of the company’s initial business combination or its winding up. Upon closing a business combination, the sponsor may convert principal into up to 50,000 units at $10.00 per unit, identical to the SPAC’s private placement units, each including one Class A share and one-third of a warrant.

**Agreement details:**

-   **Agreement type**: Amended and restated convertible unsecured promissory note (working capital note)
-   **Counterparty**: Yorkville Acquisition Sponsor
-   **Signed / Effective**: May 04 2026 / May 04 2026
-   **Duration / Termination**: Until initial business combination or winding up
-   **Reason**: Provide additional working capital

Original SEC Filing: Yorkville Acquisition Corp. \[ MCGA \] - 8-K - Jul. 15, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**