Company: MKLY
Filing Date: 2025-07-25
Form Type: S-1/A
Source: 0001213900-25-067524
Chunk: 5

Company: McKinley Acquisition Corp
Filing Date: 2025-07-25
Form: S-1/A
Chunk 5
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 nominal purchase price ($0.004) to the non -managingsponsor investors reflecting interests in an aggregate of 2,620,000 founder shares (or up to 5,620,000 founder shares in certain circumstances) held by the sponsor. Due to such nominal purchase price, the non -managingsponsor investors will have the potential to realize enhanced economic returns from its investment as compared to other investors in the offering. Under no circumstances will we issue more than an aggregate of 465,000 private placement units in this offering. As a result, the number of private placement units purchased by the non -managingsponsor investors through the sponsor, if any, will proportionally reduce the number of private placement units that would otherwise be purchased by the managing member of the sponsor through the sponsor. The non -managingsponsor investors will have no right to vote the founder shares, private placement units or securities comprising the placement units that it holds indirectly through its membership interests in the sponsor. For a discussion of certain additional arrangements with the non -managing sponsor investors, see “Risk Factors — Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination — Since our sponsor, officers and directors, any other holder of our founder shares, including any non -managing sponsor investors, may lose their entire investment in us if our initial business combination is not completed (other than with respect to public shares they may acquire during or after this offering), a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination.” Our sponsor currently owns an aggregate of 6,543,103Class B ordinary shares, which were purchased for an aggregate of $ 25,000(or approximately $ 0.004per share), up to 853,448of which will be surrendered to us for no consideration after the closing of this offering depending on the extent to which the underwriters’ over -allotmentoption is exercised, which will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination, or earlier at the option of the holders thereof on a one -for-onebasis, subject to the adjustments described herein. Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will have the right to appoint and remove directors. On any other matters submitted to a vote of our shareholders prior to or in connection with the completion of our initial business combination, holders of the