| Business: |
(Incorporated in the Cayman Islands)
We are a newly organized blank check company. We intend to focus our search for an acquisition target on companies in Latin America and Venezuela, in particular.
Latin America holds a large market share of global strategic mineral and oil and natural gas reserves. For example, Latin America holds over 90 percent of the world’s niobium reserves, a critical mineral that is used as an alloying agent in aerospace, defense, steel and medical technology industries. Latin America also holds nearly half of the world’s lithium reserves, a metal that is used in energy storage as well as in ceramics and glass and that also has medical uses. Venezuela, meanwhile, has the largest proven oil reserves in the world.
Venezuela, like much of Latin America, is also undergoing a political transition which is changing the climate for foreign investment, with movement in Venezuela away from resource nationalism. Recent legislative changes and U.S. sanctions relief have resulted in increased foreign investment opportunities in Venezuela in the hydrocarbon and mining sectors.
We believe our management team has the skills and experience to identify, evaluate and consummate a business combination and is positioned to assist businesses we acquire.
Kevin McGurn has served as our CEO since March 31, 2026, and as a director of the company since inception. Mr. McGurn also serves as interim CEO of Trump Media & Technology Group Corp., a position he assumed on April 21, 2026, after serving as a strategic advisor to the company since December 2024.
Troy Rillo has served as our CFO since March 31, 2026. Mr. Rillo is a partner at Yorkville Advisors Global, LP, an affiliated SEC-registered investment adviser, a firm at which he has worked since 2004.
(Note: Yorkville International Capital Corp. priced its SPAC IPO in sync with the terms in the prospectus: 20 million units at $10.00 each to raise $200 million on Monday night, June 15, 2026. Each unit consists of one share of stock and one-third of a redeemable warrant. Background: Yorkville International Capital Corp. filed its S-1 for its SPAC IPO on May 14, 2026.)
|
