Company: MKLY
Filing Date: 2025-06-30
Form Type: S-1
Source: 0001213900-25-059789
Chunk: 212

Company: McKinley Acquisition Corp
Filing Date: 2025-06-30
Form: S-1
Chunk 212
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 into private placement units, we will be obligated to register up to 6,426,155 Class A ordinary shares. The number of Class A ordinary shares includes (i) 5,689,655 Class A ordinary shares to be issued upon conversion of the founder shares, (ii) 465,000 Class A ordinary shares underlying the private placement units (iii) 46,500 Class A ordinary shares issuable upon conversion of the rights 150,000 Class A ordinary shares underlying the private placement units issued upon conversion of working capital loans and (iv) 75,000 representative shares. The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy -back” registration rights with respect to registration statements filed subsequent to our completion of our initial business combination. We will bear the expenses incurred in connection with the filing of any such registration statements. 152 Table of Contents Certain Relationships and Related Party Transactions On April 9, 2025, the sponsor entered into a certain subscription agreement with the company, paying $25,000, or approximately $0.004 per share, in exchange for the issuance of 6,543,103 founders shares to the sponsor. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 17,250,000 units if the underwriter’s over -allotmentoption is exercised in full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering. Up to 853,448 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriter’s over -allotmentis exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 20% of our issued and outstanding ordinary shares upon the consummation of this offering. Our sponsor, McKinley Partners LLC, has committed to purchase an aggregate of 465,000 units (or 487,500 units if the underwriter’s over -allotmentoption is exercised in full), at $10.00 per private unit for a total purchase price of $4,650,000 (or $4,875,000 if