Company: MKLY
Filing Date: 2025-06-30
Form Type: S-1
Source: 0001213900-25-059789
Chunk: 186

Company: McKinley Acquisition Corp
Filing Date: 2025-06-30
Form: S-1
Chunk 186
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 15% of the shares sold in this offering if we hold a shareholder vote |     | If                                                                                                                                         
 we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business 
 combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association provide that a public      
 shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert as a      
 “group” (as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with                          
 respect to Excess Shares without our prior consent. However, we would not restrict our shareholders’ ability to vote all of their          
 shares (including Excess Shares) for or against our initial business combination.                                                          |     | Many                                                                                                                                     
 blank check companies provide no restrictions on the ability of shareholders to redeem shares based on the number of shares held by such 
 shareholders in connection with an initial business combination.                                                                         |

Competition In identifying, evaluating and selecting a target business for our initial business combination, we may encounter competition from other entities having a business objective similar to ours, including other special purpose acquisition companies, private equity groups and leveraged buyout funds, public companies and operating businesses seeking strategic acquisitions. Many of these entities are well established and have extensive experience identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess similar or greater financial, technical, human and other resources than us. Our ability to acquire larger target businesses will be limited by our available financial resources. This inherent limitation gives others an advantage in pursuing the acquisition of a target business. Furthermore, our obligation to pay cash in connection with our public shareholders who exercise their redemption rights may reduce the resources available to us for our initial business combination and our issued and outstanding rights, and the future dilution they potentially represent, may not be viewed favorably by certain target businesses. Either of these factors may place us at a competitive disadvantage in successfully negotiating an initial business combination. Facilities We currently utilize office space at 75 Second Ave., Suite 605, Needham, MA 02494, provided by our sponsor free of charge. We consider our current office space adequate for our current operations. We will also pay a monthly technology, software, computer systems, administrative support, secretarial services and infrastructure fee of $10,000 to our sponsor. Employees We currently have three officers: Mr. Wright, Ms. Huang and Mr. Shah. These individuals are not obligated to devote any specific