Company: MKLY
Filing Date: 2025-06-30
Form Type: S-1
Source: 0001213900-25-059789
Chunk: 39

Company: McKinley Acquisition Corp
Filing Date: 2025-06-30
Form: S-1
Chunk 39
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 in direct U.S. government treasury obligations; the holding of these assets in this                
 form is intended to be temporary and for the sole purpose of facilitating the intended business combination. To mitigate the risk that          
 we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold         
 investments in the trust account, we may, at any time (based on our management team’s ongoing assessment of all factors related                 
 to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the trust account          
 and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a bank. The proceeds to          
 be placed in the trust account include $4,500,000 (or $5,175,000 if the underwriter’s over-allotment                                            
 option is exercised in full) in contingent, deferred underwriting commissions.                                                                  |

25 Table of Contents

|                                                 |     | Except                                                                                                                                       
 with respect to permitted withdrawals, the proceeds from this offering and the sale of the private placement units will not be released      
 from the trust account until the earliest of (i) the completion of our initial business combination, (ii) the redemption of                  
 our public shares if we are unable to complete our initial business combination within the completion window, subject to applicable law,     
 or (iii) the redemption of our public shares properly submitted in connection with a shareholder vote to amend our amended and restated      
 memorandum and articles of association to (A) modify the substance or timing of our obligation to allow redemption in connection             
 with our initial business combination or to redeem 100% of our public shares if we have not consummated an initial business combination      
 within the completion window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial            
 business combination activity. The proceeds deposited in the trust account could become subject to the claims of our creditors, if any.      |
| Contingent,                                     
 deferred underwriting commissions               |     | $0.30                                                                                                                                        
 per unit sold in the offering, or $4,500,000 in the aggregate (or $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