Company: MKLY
Filing Date: 2025-07-25
Form Type: S-1/A
Source: 0001213900-25-067524
Chunk: 241

Company: McKinley Acquisition Corp
Filing Date: 2025-07-25
Form: S-1/A
Chunk 241
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 are identical to the units sold in this offering, subject to certain limited exceptions as described in this prospectus. Of the 420,000 private placement units to be purchased by the sponsor, a total of 50,000 of those units will be purchased by a non -interestbearing, unsecured promissory note that we will issue to the sponsor simultaneously with the closing of this offering in the principal amount of $500,000 (the “Private Placement Units Note”), which we may draw down at any time and from time to time in our sole discretion. At the closing of our initial business combination, we will cancel the number of private placement units proportional to the amount not drawn under the Private Placement Units Note and the Private Placement Units Note will be canceled. 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, Clear Street, Brookline, or their permitted transferees, the private placement units (i) may not (including the Class A ordinary shares issuable upon conversion of the private placement rights), 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. The private placement units purchased by Clear Street and Brookline will be deemed compensation by FINRA and are therefore subject to a lock -upfor a period of 180 days from the date of the commencement of sales in this offering pursuant to FINRA Rule 5110(e)(1). Pursuant to FINRA Rule 5110(e)(1), these securities will not be sold, transferred, assigned, pledged or hypothecated or the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days from the commencement of sales of this offering except to any underwriter and selected dealer participating in the offering and their officers, partners, registered persons or affiliates. 160 The non -managingsponsor investors have indicated an interest to indirectly purchase, through the purchase of non -managingsponsor membership interests, an aggregate of 327,500 of the 420,000 private placement units being purchased by our sponsor at a price of $10.00 per unit ($3,275,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to each non -managingsponsor investor purchasing, through the