Monitor for any 8-K filings indicating target identification or letter of intent. The 24-month clock starts from June 17, 2026 closing. Watch for insider trading patterns (Form 4 filings) and any early warrant separation announcements. No immediate catalyst — units should trade near trust value (~$10) until a deal is announced.
Executive Summary
Yorkville International Capital Corp. (YICC) priced its $200M SPAC IPO on June 15, 2026, selling 20,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-third of one redeemable warrant. The company has no target identified and intends to focus on businesses in Latin America and Venezuela, with a 24-month window to complete a business combination. Proceeds of $200M are placed in trust, with ~$1.2M available for working capital outside trust.
Key Financial Metrics
Key Facts
- 20,000,000 units priced at $10.00 per unit for gross proceeds of $200,000,000
- Each unit consists of one Class A ordinary share and one-third of one redeemable warrant (exercise price $11.50 per share)
- Underwriters: Cohen & Company Capital Markets (CCM) – book-running manager
- Underwriting discounts total $0.60 per unit ($12M), including $0.20 cash ($4M) and $0.40 deferred ($8M)
- $200,000,000 placed in trust account ($10.00 per unit); ~$1.2M available outside trust for working capital
- Sponsor and CCM purchase 6,000,000 private placement warrants at $1.00 each ($6M total)
- Founder shares: 15,333,333 Class B shares acquired for $25,000 (~$0.002 per share)
- 24-month deadline to complete initial business combination; focus on Latin America and Venezuela
- Units to trade on Nasdaq under YICCU; Class A shares under YICC; warrants under YICCW
- No business combination target has been identified or discussions initiated
Financial Impact
Gross proceeds of $200M from unit offering plus $6M from private placement warrants; $200M deposited in trust; net proceeds to company before expenses ~$188M; working capital outside trust ~$1.2M
Risk Factors
- No operating history or revenues; no target identified
- Substantial dilution from founder shares (43.4% of post-IPO shares at nominal cost)
- 24-month deadline to complete business combination or liquidate
- Competition from other SPACs for attractive targets in Latin America
- Potential conflicts of interest with sponsor and management team's other SPAC commitments
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001104659-26-074584 |
| Document: 0001104659-26-074584-index-headers.html | 0001104659-26-074584 |
| Document: 0001104659-26-074584-index.html | 0001104659-26-074584 |
| Document: 0001104659-26-074584.txt | 0001104659-26-074584 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 9, 2026 15w ago | 8-K | — | awaiting T+20 | — | — |
Jun 24, 2026 17w ago | 8-K | — | awaiting T+20 | — | — |
Jun 18, 2026 18w ago | 8-K | — | awaiting T+20 | — | — |
Jun 16, 2026 18w ago | 424B4 | — | awaiting T+20 | — | — |
Jun 16, 2026 19w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 15, 2026 19w ago | 3 | — | awaiting T+20 | — | — |
Jun 15, 2026 19w ago | 3 | — | awaiting T+20 | — | — |
Jun 15, 2026 19w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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