Yorkville International Capital Corp. announced the pricing of its initial public offering of units, setting the sale at 20,000,000 units priced at $10.00 per unit for gross proceeds of $200,000,000, according to the company statement.
The offering structure establishes that the units are expected to begin trading on the Nasdaq Global Market under the symbol "YICCU" beginning June 16, 2026. The company said the offering is expected to close on June 17, 2026, subject to customary closing conditions.
Each unit is composed of one Class A ordinary share and one-third of one redeemable warrant. The company disclosed that each full warrant will entitle its holder to purchase one Class A ordinary share at a strike price of $11.50 per share. After the component securities separate, Yorkville indicated that the Class A ordinary shares and the warrants are expected to trade on Nasdaq under the tickers "YICC" and "YICCW," respectively.
Yorkville also granted the underwriter a 45-day option to acquire up to an additional 3,000,000 units to cover over-allotments. Cohen & Company Capital Markets is serving as the sole book-running manager for the offering.
The company described itself as a blank check company incorporated in the Cayman Islands, created with the purpose of completing a merger, share exchange, asset acquisition, or other similar business combination. Yorkville stated that it intends to concentrate its search for a business combination on targets in emerging markets, with particular emphasis on Latin America and Venezuela. The company has not selected a specific business combination target.
Yorkville's registration statement on Form S-1 filed with the Securities and Exchange Commission was declared effective on June 15, 2026, clearing the way for the offering and the planned Nasdaq listing.
Context and implications
As a newly formed blank check vehicle, Yorkville's immediate role is to trade as a unit with bundled shares and warrants and then to seek a qualifying target for a business combination. The company's stated geographic focus on emerging markets narrows the scope of potential deals to regions that include Latin America and Venezuela. The availability of a 45-day over-allotment option is standard market practice to address overallotment demand.