Yorkville Acquisition Corp. Terminates Business Combination Agreement

What Happened
Yorkville Acquisition Corp. (MCGA) filed an 8-K on August 10, 2026 reporting that, effective August 7, 2026, it and the other parties mutually terminated the Business Combination Agreement that had been entered into on August 25, 2025 (as amended October 31, 2025). The termination was effected by a Mutual Termination and Release Agreement among the Company, its SPAC subsidiary (YA S3 Inc.), Foris Holdings KY Limited (Crypto.com), Crypto.com Strategy Holdings, Trump Media & Technology Group Corp. (TMTG), and the Sponsor. The company cited market conditions as the reason for the mutual termination. The Mutual Termination and Release Agreement is filed as Exhibit 10.1 and a press release announcing the termination is filed as Exhibit 99.1.

Key Details

• Termination effective date: August 7, 2026.
• Original Business Combination Agreement dated: August 25, 2025; amended October 31, 2025.
• Parties involved: Yorkville Acquisition Corp., YA S3 Inc. (SPAC Sub), Foris Holdings KY Limited (Crypto.com) and its subsidiary, TMTG, and Yorkville Acquisition Sponsor LLC.
• Exhibits filed with the 8-K: Exhibit 10.1 (Mutual Termination and Release Agreement) and Exhibit 99.1 (press release).

Why It Matters
This filing confirms that the proposed business combination involving Yorkville, Crypto.com and TMTG will not proceed as previously planned. For investors, that means the anticipated transaction outcomes (corporate combination, strategy or valuation changes tied to the deal) are no longer moving forward under the terminated agreement. The 8-K does not disclose financial settlement terms or next steps; investors should review Exhibit 10.1 and the press release for any contractual details and watch for additional disclosures about the company’s future plans and any effects on shareholder trust funds, redemptions, or timelines.