Company: MKLY
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109976
Chunk: 4

Company: McKinley Acquisition Corp
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 net cash used in operating activities: 
   
 Interest income on Trust Account   (951,679) 

Changes in operating assets and liabilities: 
   
 Prepaid expenses   (148,862) 
 Accounts payable   73,969  
 Accrued expenses   79,000  
 Administrative services fee payable – related party   10,452  
 Net cash used in operating activities   (398,114) 

Cash Flows from Investing Activities: 
   
 Investment of cash into Trust Account   (172,500,000) 
 Net cash used in investing activities   (172,500,000) 

Cash Flows from Financing Activities: 
   
 Proceeds from sale of Public Units   150,000,000  
 Proceeds from exercise of over-allotment option   22,500,000  
 Proceeds from sale of Private Placement Units   4,650,000  
 Payment of underwriter fees and commissions   (1,575,000) 
 Proceeds from issuance of Class B ordinary shares   25,000  
 Proceeds from promissory note – related party   154,522  
 Payment of promissory note – related party   (185,000) 
 Payment of offering costs   (288,013) 
 Share receivable   (500,000) 
 Net cash provided by financing activities   174,781,509  

 Net change in cash   1,883,395  
 Cash – beginning of period   —  
 Cash – end of period  $1,883,395  

Supplemental disclosure of non-cash investing and financing activities: 
   
 Remeasurement of Class A ordinary shares to redemption value  $11,660,571  

The accompanying notes are an integral part of
these unaudited condensed financial statements.

4

MCKINLEY ACQUISITION CORPORATION
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2025

Note 1 — Organization and Business Operations McKinley Acquisition Corporation (the “Company”) was incorporated as a Cayman Islands exempted company on March 27, 2025. The Company was incorporated for the purpose of effecting merger, amalgamation, share exchange