Company: MKLY
Filing Date: 2025-06-30
Form Type: S-1
Source: 0001213900-25-059789
Chunk: 41

Company: McKinley Acquisition Corp
Filing Date: 2025-06-30
Form: S-1
Chunk 41
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 currently intend to seek shareholder        
 approval to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate     
 an initial business combination, we may elect to do so in the future. If we are unable to complete our initial business combination within    
 18 months from the closing of this offering (or 24 months if we have executed a definitive agreement for an initial business                  
 combination within 18 months from the closing of this offering) and do not extend our time to complete a business combination, the            
 founder shares and private placement units would expire worthless. There is no limit on the number of extensions that we may seek; however,   
 we do not expect to extend the time period to consummate our initial business combination beyond 36 months from the closing of this           
 offering. If we determine not to or are unable to extend the time period to consummate our initial business combination or fail to obtain     
 shareholder approval to extend the completion window, our sponsor’s investment in our founder shares, private shares and private              
 units will be worthless.                                                                                                                      
 Our                                                                                                                                           
 sponsor, officers and directors have agreed, pursuant to a letter agreement, that they will not propose any amendment to our amended and      
 restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection     
 with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within    
 the completion window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial                    
 business combination activity, in each case unless we provide our public shareholders with the opportunity to redeem their Class A            
 ordinary shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate                             
 amount then on deposit in the trust account, including interest earned on the funds held in the trust account (net of permitted withdrawals), 
 divided by the number of then-outstanding public shares. For example, our board of directors may propose                                      
 such an amendment if it determines that additional time is necessary to complete our initial business combination. In such event, we will     
 conduct a proxy solicitation and distribute proxy materials pursuant to Regulation 14A of the Exchange Act seeking shareholder                
 approval of such proposal, and in connection therewith, provide our public shareholders with the redemption rights described above upon       
 shareholder approval of such amendment.                                                                                                       |

36 Table of Contents

| Payments     
 to insiders: |     |