Yorkville International Capital Corp.

What they do

Yorkville International Capital Corp. is a Cayman Islands-incorporated blank check company that completed its IPO on June 17, 2026, selling 23,000,000 units at $10.00 each for gross proceeds of $230 million. It has not identified a target business and is currently searching for a company to combine with. The sponsor is Yorkville International Capital Sponsor, LLC.

Revenue drivers

• Trust Account Interest — The company holds $230 million in a trust account invested in U.S. government securities or money market funds; interest earned on these funds is a source of income, but all amounts are held for redeeming public shareholders if no business combination is completed.

Recent performance

As of June 30, 2026, total assets were $231.4 million, total liabilities were $9.3 million, and shareholder equity was negative $8.2 million. Cash and equivalents were $811,018. The company has no operating revenue and incurred costs related to its IPO and ongoing search activities.

Strategy

Management plans to identify and complete a business combination with established businesses in emerging markets, emphasizing Latin America and Venezuela. The company has 24 months from the IPO closing (until June 17, 2028) to consummate a deal. If no deal is completed, it will redeem public shares and liquidate.

Risks

• No target identified — The company has not yet identified a business combination target and may fail to find a suitable one within the 24-month deadline.
• Forced liquidation — If the company fails to complete a business combination by June 17, 2028, it will cease operations, redeem public shares, and dissolve, potentially leaving shareholders with only the trust account value.
• Negative shareholder equity — As of June 30, 2026, shareholder equity was negative $8.2 million, indicating that liabilities exceed assets, which could affect financial stability.
• Emerging market risk — Focusing on Latin America, including Venezuela, exposes the company to political, economic, and currency risks that may hinder a successful acquisition or the target's performance.

Outlook

Management expects to incur significant costs in pursuing acquisition plans and provides no assurance of success. The company will search for targets until the deadline, and if unsuccessful, will liquidate. Interest from the trust account may be released to pay taxes, but otherwise all funds are reserved for redemption.