Yorkville Acquisition, a blank check company targeting the telecom, media, and technology sector, raised $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 plans to list on the Nasdaq under the symbol YORKU. Clear Street acted as sole bookrunner on the deal.
