Yorkville Acquisition (MCGA) 10% Owner Mark Angelo Receives Award

What Happened

• Mark Angelo, reported as a 10% owner related to the sponsor of Yorkville Acquisition Corp. (MCGA), was the recipient of derivative securities on May 4, 2026. The Sponsor received a $500,000 amended working capital note that may be converted into 50,000 units; each unit equals one Class A ordinary share plus one-third of a warrant. That results in an economic interest in 50,000 Class A ordinary shares and warrants to purchase an additional 16,666 Class A shares upon conversion/consummation of the issuer’s initial business combination. No per-share price or cash purchase price is reported (N/A).

Key Details

• Transaction date: May 4, 2026; Form 4 filed: July 21, 2026 (appears filed late relative to the May 4 transaction).
• Transaction code: A (grant/award/acquisition of derivative securities).
• Securities issued on conversion: 50,000 Class A ordinary shares (units) and warrants to purchase 16,666 Class A shares (upon conversion/closing of business combination).
• Consideration/value: $500,000 working capital note (convertible into the units described); no per-share price reported.
• Shares owned after transaction: Not specified on the Form 4 for Mr. Angelo individually (his reported interest is via Sponsor entities).
• Notable footnotes: Transaction is described as exempt under Rule 16b-3. The note is payable on the earlier of the initial business combination or winding up and convertible at the Sponsor’s election upon the initial business combination. Warrants have the same terms as those issued in the issuer’s IPO.
• Ownership structure note: Mr. Angelo is President of Yorkville LLC and may be deemed to have beneficial ownership of securities held by the Sponsor through related manager/member relationships, but he disclaims beneficial ownership except for any pecuniary interest.

Context

• These are derivative/convertible securities tied to a working-capital note (not an open-market buy or sale). Conversion/exercise and issuance of shares/warrants occur at the Sponsor’s discretion upon the company’s initial business combination.
• Because Mr. Angelo’s interest arises through sponsor/manager entities (and he disclaims beneficial ownership except to the extent of pecuniary interest), this filing reflects institutional/organizational funding activity rather than a personal open-market trade by an executive.