Company: MKLY
Filing Date: 2025-05-09
Form Type: DRS
Source: 0001213900-25-041164
Chunk: 302

Company: McKinley Acquisition Corp
Filing Date: 2025-05-09
Form: DRS
Chunk 302
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 2025, the Company and the Sponsor entered into a loan agreement, whereby the Sponsor agreed to loan the Company an aggregate of up to $125,000 to cover expenses related to the Proposed Public Offering pursuant to a promissory note (the “Note”). This loan is non -interestbearing and payable on the earlier of December 31, 2025, or the date on which the Company consummates the Proposed Public Offering. As of April 9, 2025, the Company borrowed $45,000 under the Note. Administrative Services Agreement The Company intends to enter into an agreement, commencing on the effective date of the Proposed Public Offering through the earlier of the Company’s consummation of a Business Combination and its liquidation, to pay an affiliate the Sponsor a total of up to $10,000 per month for office space and administrative and support services. F-14 MCKINLEY ACQUISITION CORPORATION
NOTES TO FINANCIAL STATEMENTS
APRIL 9, 2025 Note 6 — Related Party Transactions (cont.) Related Party Loans In addition, in order to finance transaction costs in connection with its initial Business Combination, the Sponsor or an affiliate of the Sponsor, or the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes its initial Business Combination, the Company would repay the Working Capital Loans. In the event that the initial Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. If the Sponsor makes any Working Capital Loans, such loans may be convertible into private placement -equivalentunits of the post -BusinessCombination entity at a price of $10.00 per unit (“Working Capital Units”), with each unit comprised of one Class A ordinary shares (“Working Capital Share”) and one right to receive one -tenth(1/10 th) of one Class A ordinary share upon the consummation of an initial Business Combination. As of April 9, 2025, the Company had no borrowings under the Working Capital Loans. Note 7 — Commitments and Contingencies Registration Rights The holders of the founder shares, placement units, Working Capital Units and Extension Units that may be issued upon conversion of loans made by our sponsor or one of its affiliates, and their permitted transferees, will have registration rights