Company: MKLY
Filing Date: 2025-06-30
Form Type: S-1
Source: 0001213900-25-059789
Chunk: 268

Company: McKinley Acquisition Corp
Filing Date: 2025-06-30
Form: S-1
Chunk 268
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.5 million of the sponsor’s purchase price of the Private Placement Units. In addition, $0.30 per unit sold in the offering, or up to 4,500,000 in the aggregate (or up to $5,175,000 if the overallotment option is exercised in full), shall be placed in a trust account located in the United States as described herein, as contingent, deferred underwriting commissions. Upon the completion of an initial business combination, three percent (3.0%) of the amounts remaining in such trust account, after redemption payments and other permitted withdrawals, and excluding amounts related to any non -redemptionagreements, forward purchase agreements or similar agreements, shall be paid to the underwriters as contingent, deferred underwriting commissions. If no business combination is consummated, such contingent, deferred commissions will be forfeited by the underwriters. The contingent, deferred commissions will be released to Clear Street for its own account concurrently with completion of an initial business combination in the amounts set forth above, as described in this prospectus. If we do not complete our initial business combination within the completion window and subsequently liquidate, the trustee and the underwriter has agreed that (i) they will forfeit any rights or claims to their contingent, deferred underwriting discounts and commissions, including any accrued interest thereon, then in the trust account upon liquidation, and (ii) that the contingent, deferred underwriting discounts and commissions will be distributed on a pro rata basis, including interest earned on the funds held in the trust account (net of permitted withdrawals), to the public shareholders. We estimate that our portion of the total expenses of this offering payable by us will be $750,000, excluding underwriting discounts and commissions. We have agreed to reimburse the underwriter for certain of its out -of-pocketcosts for this offering up to an aggregate reimbursement allowance of $[25,000], including, but not limited to, legal fees related to the review by FINRA and the expenses of investigations and background checks of our principals, not to exceed $[•] per person.

183 Table of Contents The representative has informed us that the underwriter does not intend to make sales to discretionary accounts. We, our sponsor and our directors and officers have agreed that we will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, without the prior written consent of Clear Street LLC for a period of 180 days after the date of this prospectus, any units, rights, ordinary