Yorkville Acquisition, a blank check company targeting the telecom, media, and technology sector, filed on Wednesday with the SEC to raise up to $150 million in an initial public offering.
The Mountainside, NJ-based company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
Yorkville Acquisition is led by CEO and Director Kevin McGurn, who most recently served as VP of Advertising Solutions at T-Mobile, and Chairman Mark Angelo, the founder, President, and Managing Member of Yorkville Advisors. The SPAC plans to target the telecom, media, and technology sector.
Yorkville Acquisition was founded in 2025 and plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: YORKU.RC). Clear Street is the sole bookrunner on the deal.
