Company: MKLY
Filing Date: 2025-07-25
Form Type: S-1/A
Source: 0001213900-25-067524
Chunk: 299

Company: McKinley Acquisition Corp
Filing Date: 2025-07-25
Form: S-1/A
Chunk 299
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holders — Restrictions on Transfers of Founder Shares and Private Placement Units”). Any permitted transferees would be subject to the same restrictions and other agreements of our initial shareholder with respect to any founder shares. The private placement units (including the Class A ordinary shares underlying the private placement units) will not be transferable, assignable or salable until 30 days after the completion of our initial business combination (except with respect to permitted transferees as described herein under the section of this prospectus entitled “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Units”). We have agreed to issue to Clear Street and/or its designees, 75,000 Class A ordinary shares (or 86,250 Class A ordinary shares if the underwriters’ over -allotmentoption is exercised in full) upon the consummation of this offering. The holders of the representative shares have agreed (i) that they will not transfer, assign or sell any such shares without our prior consent until the completion of our initial business combination, (ii) to waive their redemption rights (or right to participate in any tender offer) with respect to such shares in connection with the completion of our initial business combination and (iii) to waive their rights to liquidating distributions from the trust account with respect to such shares if we fail to complete our initial business combination within 18 months (or 24 months if we have executed a definitive agreement for an initial business combination within 18 months from the closing of this offering). The representative shares have been deemed compensation by FINRA and are therefore subject to a lock -upfor a period of 180 days from the commencement of sales of this offering. Pursuant to FINRA Rule 5110(e)(1), these securities may not be sold, transferred, assigned, pledged or hypothecated nor may they be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a 192 period of 180 days from the commencement of sales of this offering except to any underwriter and selected dealer participating in the offering and their officers or partners, registered persons or affiliates or as otherwise permitted under FINRA Rule 5110(e)(2). The sponsor has agreed to sell to Clear Street, and Clear Street has agreed to purchase from the sponsor 200,000 Cla ss Bordinary shares, for the amount of $0.004 per share, upon the consummation of this offering. Clear Street has agreed not to transfer