Company: MKLY
Filing Date: 2025-05-09
Form Type: DRS
Source: 0001213900-25-041164
Chunk: 144

Company: McKinley Acquisition Corp
Filing Date: 2025-05-09
Form: DRS
Chunk 144
---
writer’s over -allotmentoption is exercised in full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering. Up to 853,448 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriter’s over -allotmentis exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Our sponsor, McKinley Partners LLC, has committed to purchase an aggregate of 465,000 units (or 487,500 units if the underwriter’s over -allotmentoption is exercised in full), at $10.00 per private unit for a total purchase price of $4,650,000 (or $4,875,000 if the underwriter’s over -allotmentoption is exercised in full), in a private placement that will close simultaneously with the closing of this offering. The private placement units will also be worthless if we do not complete our initial business combination. The private placement units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement units (i) may not (including the Class A ordinary shares underlying these units), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination and (ii) will be entitled to registration rights. Pursuant to an agreement we entered into with our sponsor, we will pay a monthly technology, software, computer systems, administrative support, secretarial services and infrastructure fee of $10,000 to our sponsor. Prior to or in connection with the completion of our initial business combination, there may be payment by the company to our sponsor, officers or directors, or our advisors or their affiliates, of a finder’s fee, advisory fee, consulting fee or success fee for any services they render in order to effectuate the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from amounts held outside the trust account. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers