Company: MKLY
Filing Date: 2025-06-16
Form Type: DRSLTR
Source: 0001213900-25-054877
Chunk: 2

Company: McKinley Acquisition Corp
Filing Date: 2025-06-16
Form: DRSLTR
Chunk 2
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 support, secretarial services and infrastructure. Outside of the table, revise to more fully describe the extent to which this compensation      
 and securities issuance may result in a material dilution of the purchasers’ equity interests, including as a result of the anti-dilution        
 rights and any share capitalization or share repurchase or redemption if you increase or decrease the size of the offering. See Item             
 1602(b)(6) of Regulation S-K.                                                                                                                    |

RESPONSE: The Company has revised the tabular
disclosure on page 14 to include the anti-dilution rights of the founder shares and the $10,000 monthly fee for administrative services.
In addition, outside of the table, the Company has revised the disclosure to more fully describe the extent to which this compensation and securities
issuance may result in a material dilution of the purchasers’ equity interests.

| 8. | Please revise your tabular disclosure on pages 15-16 and 110-111 to identify your directors and officers subject to the transfer 
 restrictions. See Item 1603(a)(9) of Regulation S-K.                                                                             |

RESPONSE: The Company has revised the tabular
disclosure in Amendment No.1 to identify the directors and officers subject to the transfer restrictions.

| 9. | Regarding the anti-dilution rights of founder shares as discussed here and elsewhere, with respect to clause (iii) describing the      
 subtraction of shares redeemed in connection with the business combination, please clarify whether redemptions made in connection with 
 a charter amendment will also be subtracted in the calculation of the adjustment.                                                      |

RESPONSE: The Company has clarified on
pages 23, 59, 95 and 158 of Amendment No. 1 that redemptions made in connection with a charter amendment will also be subtracted in
the calculation of the anti-dilution adjustment.

June 16, 2025

Page 4

| 10. | Please expand to disclose the $10,000 monthly fee you will pay to your sponsor for technology, software, computer systems, administrative 
 support, secretarial services and infrastructure, as you state elsewhere.                                                                 |

RESPONSE: The Company has expanded the disclosure
on page 37 of Amendment No. 1 to disclose the $10,000 monthly fee payable to our sponsor.

| 11. | Please revise to also disclose conflicts of interest relating to fees, reimbursements or cash payments to your sponsor, officers             
 or directors, or your