Company: MKLY
Filing Date: 2025-09-23
Form Type: 10-Q
Source: 0001213900-25-090712
Chunk: 2

Company: McKinley Acquisition Corp
Filing Date: 2025-09-23
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 Balance as of June 30, 2025 (Unaudited)   6,543,103   $654   $24,346   $(63,421)  $(38,421) 

(1)
Includes an aggregate of up to 853,448 Class B ordinary shares, $0.0001 par value subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (Note 6).

The accompanying notes are an integral part of
these condensed financial statements.

3

MCKINLEY ACQUISITION CORPORATION
CONDENSED STATEMENT OF CASH FLOWS
FOR THE PERIOD FROM MARCH 27, 2025 (INCEPTION) THROUGH JUNE 30, 2025

Cash Flows from Operating Activities: 
  
 Net loss  $(63,421) 

Changes in operating assets and liabilities: 
   
 Prepaid expenses   (70,000) 
 Accounts payable   649  
 Accrued expenses   21,263  
 Net cash used in operating activities   (111,509) 

Cash Flows from Financing Activities: 
   
 Proceeds from issuance of Class B ordinary shares   25,000  
 Proceeds from promissory note – related party   121,210  
 Payment of offering costs   (34,701) 
 Net cash provided by financing activities   111,509  

 Net change in cash   —  
 Cash – beginning of period   —  
 Cash – end of period  $—  

Supplemental disclosure of non-cash investing and financing activities: 
   
 Deferred offering included in accrued offering costs  $25,000  

The accompanying notes are an integral part of
these condensed financial statements.

4

MCKINLEY ACQUISITION CORPORATION
NOTES TO CONDENSED FINANCIAL STATEMENTS
JUNE 30, 2025

Note 1 — Organization and Business Operations McKinley Acquisition Corporation (the “Company”) was incorporated as a Cayman Islands exempted company on March 27, 2025. The Company was incorporated for the purpose of effecting merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company has not selected