Company: MKLY
Filing Date: 2025-07-25
Form Type: S-1/A
Source: 0001213900-25-067524
Chunk: 94

Company: McKinley Acquisition Corp
Filing Date: 2025-07-25
Form: S-1/A
Chunk 94
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 853,448 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentis exercised. The founder shares will be worthless if we do not complete an initial business combination, except to the extent they receive liquidating distributions from assets outside of the trust account. In addition, our sponsor has committed to purchase an aggregate of 420,000 units, at $10.00 per private unit for a total purchase price of $4,200,000, in a private placement that will close simultaneously with the closing of this offering. A total of 50,000 of those units will be purchased by a non -interestbearing, unsecured promissory note that we will issue to the sponsor simultaneously with the closing of this offering in the principal amount of $500,000 (the “Private Placement Units Note”), which we may draw down at any time and from time to time in our sole discretion. At the closing of our initial business combination, we will cancel the number of private placement units proportional to the amount not 65 drawn under the Private Placement Units Note and the Private Placement Units Note will be canceled. At the closing of our initial business combination, we will cancel the number of private placement units equal to amounts not drawn under the Private Placement Units Note. The non -managingsponsor investors have indicated an interest to indirectly purchase, through the purchase of non -managingsponsor membership interests, an aggregate of 327,500 of the 420,000 private placement units being purchased by our sponsor at a price of $10.00 per unit ($3,275,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering. Subject to each non -managingsponsor investor purchasing, through the sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue membership interests at a 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. The non -managingsponsor investors will not be subject to transfer restrictions or a lock -upagreement on any Class A ordinary shares that they may purchase in this offering pursuant to the expressions of interest described below or otherwise. The private placement units will be worthless if we do not complete our initial business combination. The personal and financial interests of