McKinley Acquisition Corp announced the pricing of its initial public offering of 15,000,000 units at $10.00 per unit.
Each unit consists of one Class A ordinary share and one right, with the right entitling the holder to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the company's initial business combination.
The units are expected to trade on the Nasdaq Global Market under the symbol 'MKLYU' starting on August 12, 2025.
IPO Details
The IPO includes 15,000,000 units priced at $10.00 per unit, each containing one Class A ordinary share and one right.
Trading Information
Once separate trading begins, the Class A ordinary shares and rights will be traded on Nasdaq under the symbols 'MKLY' and 'MKLYR', respectively.
Business Purpose
McKinley Acquisition Corp was formed for the purpose of effecting a merger, acquisition, or similar business combination with other entities.
- The pricing of the initial public offering at $10.00 per unit indicates the company's valuation and expectation of investor interest.
- The ability to trade units, ordinary shares, and rights separately provides flexibility for investors and may influence market activity.
The announcement of McKinley Acquisition Corp's IPO pricing marks a significant milestone in the company's journey towards a potential business combination. Investors and market participants are now able to engage with the company's securities on the Nasdaq Global Market.