Company: MKLY
Filing Date: 2025-06-17
Form Type: DRS/A
Source: 0001213900-25-054874
Chunk: 22

Company: McKinley Acquisition Corp
Filing Date: 2025-06-17
Form: DRS/A
Chunk 22
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 2025. In connection with that meeting, Everest shareholders holding 2,817,827 public shares, representing approximately 99.02% of the Company’s outstanding public shares, exercised their right to redeem their shares for a pro rata portion of the funds in Everest’s trust account. On November18, 2024, DLA, LLC (“DLA”) filed a lawsuit against Equiniti Trust Company, LLC (the “Everest Trustee”) for unpaid fees in connection with the services DLA provided in the proposed business combination between Everest and Unifund. In connection with this litigation (Supreme Court of New York, County of New York, Index No. 655723/2024), the court, on November1, 2024, entered a temporary injunction order which restrained the Everest Trustee from distributing from the Everest trust account amounts that would leave the balance of such account below the approximately $3million that DLA alleges it is owed. Everest was not named as a defendant in this lawsuit. On November20, 2024, DLA filed a lawsuit against Everest and its sponsor in Superior Court of New Jersey (Law Division: Essex County, Docket No. ESX -L-D008097-24) for such allegedly owed fees and on December3, 2024, the New Jersey court granted a preliminary injunction. While Everest continues to believe DLA’s allegations are baseless and that DLA has no valid claim against the funds in the Everest trust account, due to the injunctions, the Everest Trustee is unable to process redemption requests and Everest is currently prohibited by the court from instructing the Everest Trustee to process redemption requests. On March21, 2025 Everest signed a letter of intent with Accredited Solutions, Inc., a technology -focusedholding company, for a business combination between the two companies. 8 Mr. Dooley brings nearly 30 years of experience across private equity, capital markets, and strategic advisory. Through Belay Associates, he has been responsible for the full lifecycle of SPAC execution, including sponsor formation, investment thesis development, target identification, transaction structuring, capital formation, and post -combinationreadiness. He has advised both domestic and international businesses on accessing U.S. public markets and worked closely with institutional investors to ensure alignment around growth strategy, governance, and value creation. Mr. Dooley is also the author of The Pre -IPO Playbook, a guide designed to help investors identify and evaluate high -growthcompanies preparing to access public