Company: MKLY
Filing Date: 2025-06-17
Form Type: DRS/A
Source: 0001213900-25-054874
Chunk: 39

Company: McKinley Acquisition Corp
Filing Date: 2025-06-17
Form: DRS/A
Chunk 39
---
 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

|                                                         |     | 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 account, after redemption payments and other permitted withdrawals, and excluding amounts related to any non-redemption agreements, forward purchase agreements or similar agreements, shall be paid to the underwriters as contingent, deferred underwriting commissions. If no business combination is consummated, such contingent, deferred commissions will be forfeited by the underwriters. The contingent, deferred commissions will be released to Clear Street for its own account concurrently with completion of an initial business combination in the amounts set forth above, as described in this prospectus.                                                                                 |
| Ability to extend time to complete business combination |     | We will have 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) to consummate our