Company: MKLY
Filing Date: 2025-05-09
Form Type: DRS
Source: 0001213900-25-041164
Chunk: 303

Company: McKinley Acquisition Corp
Filing Date: 2025-05-09
Form: DRS
Chunk 303
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 to require us to register a sale of any of our securities held by them (in the case of the founder shares, only after conversion to our Class A ordinary shares) pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering. These holders will be entitled to make up to three demands, excluding short form registration demands, that we register such securities for sale under the Securities Act. In addition, these holders will have “piggy -back” registration rights to include such securities in other registration statements filed by us and rights to require us to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that we will not be required to effect or permit any registration or cause any registration statement to become effective until termination of the applicable lock -upperiod. We will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The underwriters have a 45 -dayoption to purchase up to 2,250,000 additional Units to cover any over -allotmentsat the Proposed Offering price less the underwriting discounts and commissions. The Units that would be issued in connection with the over -allotmentoption would be identical to the Units issued in the Proposed Offering. The Underwriter will be entitled to a cash underwriting discount of $0.10 per Unit, or $1,500,000 in the aggregate (or $1,725,000 in the aggregate if the Underwriter’s over -allotmentoption is exercised in full), payable upon the closing of the Proposed Offering. In addition, the Underwriter will be entitled to a contingent, deferred fee of $0.30 per Unit, or $4,500,000 in the aggregate (or $5,175,000 in the aggregate if the Underwriter’s over -allotmentoption is exercised in full). The contingent, deferred fee will become payable to the Underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Representative Shares The Company intends to issue to Clear Street and/or its designees 75,000 ordinary shares (or 86,250 Class A ordinary shares if the underwriter’s over -allotmentoption is exercised in full) (the “Representative Shares”) at or prior to the consummation of the Proposed Public Offering. The Company will account for the Representative Shares as an expense of the Proposed Public Offering,