Company: MKLY
Filing Date: 2025-06-30
Form Type: S-1
Source: 0001213900-25-059789
Chunk: 127

Company: McKinley Acquisition Corp
Filing Date: 2025-06-30
Form: S-1
Chunk 127
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 their shares in connection with our successful completion of our initial business combination. (2)A portion of the offering expenses have been paid from the proceeds of loans from our sponsor of up to $125,000 as described in this prospectus. These loans will be repaid upon completion of this offering out of the $750,000 of offering proceeds that has been allocated for the payment of offering expenses other than underwriting commissions, from amounts available for working capital. In the event that offering expenses are less than set forth in this table, any such amounts will be used for post -closingworking capital expenses. (3) Underwriting expenses include $75,000 (such amount to remain unchanged in the event to the underwriter’s over -allotmentoption is exercised in full) payable to Clear Street LLC upon the closing of this offering. The underwriter has agreed to defer $0.3 per unit on all units sold as contingent, deferred underwriting commissions, which amount shall be placed in the trust account. Upon the completion of an initial business combination, three percent (3.0%) of the amounts remaining in the trust

88 Table of Contents account, after redemption payments and other permitted withdrawals, and excluding amounts related to any non -redemptionagreements, forward purchase agreements or similar agreements, shall be paid to the underwriters as contingent, deferred underwriting commissions. The remaining funds will be released to us and can be used to pay all or a portion of the purchase price of the business or businesses with which our initial business combination occurs or for general corporate purposes, including payment of principal or interest on indebtedness incurred in connection with our initial business combination, to fund the purchases of other companies, or for working capital. The underwriter will not be entitled to any interest accrued on the contingent, deferred underwriting discounts and commissions. See the section titled “Underwriting.” (4)These expenses are estimates only. Our actual expenditures for some or all of these items may differ from the estimates set forth herein. For example, we may incur greater legal and accounting expenses than our current estimates in connection with negotiating and structuring our initial business combination based upon the level of complexity of such business combination. In the event we identify a business combination target in a specific industry subject to specific regulations, we may incur additional expenses associated with legal due diligence and the engagement of special legal counsel. In addition, our staffing needs may vary and as a result, we may engage a number of consultants to assist with legal and financial due diligence. We do not anticipate