Company: MKLY
Filing Date: 2025-07-25
Form Type: S-1/A
Source: 0001213900-25-067524
Chunk: 39

Company: McKinley Acquisition Corp
Filing Date: 2025-07-25
Form: S-1/A
Chunk 39
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(5) |
| Terms of Rights:                                                   |     | Except in cases where we are not the surviving company in a business combination, each holder of a public right will automatically receive one-tenth (1/10th) of one share upon consummation of our initial business combination. In the event we will not be the surviving company upon completion of our initial business combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth (1/10th) of one share underlying each right upon consummation of the business combination. We will not issue fractional shares in connection with a conversion of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman Islands law. As a result, you must hold rights in multiples of ten in order to receive shares for all of your rights upon closing of a business combination. If we are unable to complete an initial business combination within the required time period and we redeem the public shares for the funds held in the trust account, holders of rights will not receive any of such funds for their rights and the rights will expire worthless. |

____________ (1)Assumes no exercise of the underwriters’ over -allotmentoption and 853,448 founder shares are surrendered to us for no consideration. (2)Includes up to 853,448 founder shares that will be surrendered to us for no consideration depending on the extent to which the underwriters’ over -allotmentoption is exercised. (3)Comprised of (A) 15,000,000 Class A ordinary shares included in the units to be sold in this offering, (B) 465,000 Class A ordinary shares underlying the private placement units (C) 5,689,655, Class B ordinary shares (or founder shares) and (D) 75,000 representative shares. Founder shares are currently classified as Class B ordinary shares, which shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination or earlier at the option of the holder on a one -for-onebasis, subject to adjustment as described below adjacent to the caption “ Founder shares conversion and anti -dilution rights.” (4)Assumes surrender of all 853,448 founder shares. Up to 853,448 founder shares will be surrendered to us for no consideration depending on the extent to which the underwriters’ over