Company: MKLY
Filing Date: 2025-06-17
Form Type: DRS/A
Source: 0001213900-25-054874
Chunk: 312

Company: McKinley Acquisition Corp
Filing Date: 2025-06-17
Form: DRS/A
Chunk 312
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allotmentoption is exercised in full), payable upon the closing of the Proposed Offering, if the underwriters source more than $3,500,000 of the sponsor’s purchase price of the Private Placement Units; or (ii) $0.05 per unit, or $750,000 in the aggregate (or $862,500 if the overallotment option is exercised in full) if the underwriters source less than $2,500,000 of the sponsor’s purchase price of the Private Placement Units; or (iii) $0.05-$0.10 per unit, or $750,000-$1,500,000 in the aggregate (or $862,500-$1,725,000 if the overallotment option is exercised in full), proportionate to the amount of the sponsor’s purchase price of the Private Placement Units sourced by the underwriters if the underwriters source less than $3,500,000 and more than $2,500,000 of the sponsor’s purchase price of the Private Placement Units. In addition, the Underwriter will be entitled to a contingent, deferred fee of $0.30 per Unit, or $4,500,000 in the aggregate (or $5,175,000 in the aggregate if the Underwriter’s over -allotmentoption is exercised in full). The contingent, deferred fee will become payable to the Underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. F-15 MCKINLEY ACQUISITION CORPORATION
NOTES TO FINANCIAL STATEMENTS
APRIL 9, 2025 Note 7 — Commitments and Contingencies (cont.) Representative Shares The Company intends to issue to Clear Street and/or its designees 75,000 ordinary shares (or 86,250 Class A ordinary shares if the underwriter’s over -allotmentoption is exercised in full) (the “Representative Shares”) at or prior to the consummation of the Proposed Public Offering. The Company will account for the Representative Shares as an expense of the Proposed Public Offering, resulting in a charge directly to shareholder’s equity. Clear Street (and any of its designees to whom the Representative Shares are issued) will agree not to transfer, assign or sell any such shares without the Company’s prior consent until the completion of a Business Combination. In addition, the Representative Shares will be deemed to be underwriting compensation by the Financial