Company: MKLY
Filing Date: 2025-06-17
Form Type: DRS/A
Source: 0001213900-25-054874
Chunk: 146

Company: McKinley Acquisition Corp
Filing Date: 2025-06-17
Form: DRS/A
Chunk 146
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 combination will be successful. Results of Operations and Known Trends or Future Events We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business combination. We will generate non -operatingincome in the form of interest income on cash and cash equivalents after this offering. There has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements. After this offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially after the closing of this offering. Liquidity and Capital Resources Our liquidity needs have been satisfied prior to the completion of this offering through $25,000 paid by the sponsor to cover certain of our offering and formation costs in exchange for the issuance of the founder shares to our sponsor and up to $125,000 in loans from our sponsor. We estimate that the net proceeds from the sale of the units in this offering and the sale of the private placement units, after deducting offering expenses of approximately $750,000 and up -frontunderwriting commissions of $1,500,000 (or $1,725,000 if the overallotment option is exercised in full) will be $152,400,000 (or $174,900,000 if the underwriter’s over -allotmentoption is exercised in full). A total of $150,000,000 (or $174,900,000 if the over -allotmentoption is exercised in full) will be held in trust and includes the $4,500,000 (or $5,175,000 if the over -allotmentoption is exercised in full) of contingent, deferred underwriting commissions that may be due to the underwriter upon the closing of an initial business combination). A total of $2,400,000 will be held by us outside of the trust account to fund our working capital requirements. Upon the completion of an initial business combination, three percent (3.0%) of amounts remaining in the 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