Company: MKLY
Filing Date: 2025-06-30
Form Type: S-1
Source: 0001213900-25-059789
Chunk: 43

Company: McKinley Acquisition Corp
Filing Date: 2025-06-30
Form: S-1
Chunk 43
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erees      
 until one year after the completion of our initial business combination. With certain limited exceptions, the private placement units           
 and the Class A ordinary shares underlying such units, will not be transferable, assignable or salable by our sponsor or its permitted          
 transferees until 30 days after the completion of our initial business combination. Since our sponsor and executive officers and                
 directors may directly or indirectly own ordinary shares and rights following this offering, our executive officers and directors may           
 have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our         
 initial business combination because of their financial interest in completing an initial business combination within 18 months from            
 the closing of this offering (or 24 months if we have executed a definitive agreement for an initial business combination within                
 18 months from the closing of this offering) or by such earlier liquidation date as our board of directors may approve.                         
 In                                                                                                                                              
 addition, we are not prohibited from paying any fees (including advisory fees), reimbursements or cash payments to our sponsor, officers        
 or directors, or our advisors or their affiliates, for services rendered to us prior to or in connection with the completion of our initial     
 business combination, all of which, if made prior to the completion of our initial business combination, will be paid from working capital.     
 Please see “— Payments to insiders,” above                                                                                                      
 for more detailed information on such potential payments.                                                                                       |
| Indemnity by the sponsor in the event         
 of liquidation without a business combination |     | Our                                                                                                                                             
 sponsor has agreed that it will be liable to us if and to the extent any claims by a third party for services rendered or products sold         
 to us, or a prospective target business with which we have entered into a written letter of intent, confidentiality or other similar agreement  
 or business combination agreement (except for the Company’s independent registered public accounting firm), reduce the amount of                
 funds in the trust account to below the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held                  
 in the trust account as of the date of the liquidation of the trust account, if less than $10.00 per share due to reductions in the value       
 of the trust assets, net of permitted withdrawals, provided that such liability will not apply to any claims by a third party or prospective    
 target business who executed a waiver of any and all rights to the monies held in the trust account (whether or