McKinley Acquisition Corporation 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 each right entitling the holder to receive one-tenth (1/10) of one Class A ordinary share upon the business combination.
The units are expected to trade on the Nasdaq Global Market under the symbol 'MKLYU' starting on August 12, 2025.
Offering Details
Pricing of $150 million IPO with 15,000,000 units at $10.00 per unit.
Trading Information
Units to trade under 'MKLYU', Class A ordinary shares as 'MKLY', and rights as 'MKLYR' on Nasdaq.
Underwriters
Clear Street LLC as sole book-running manager and Brookline Capital Markets as co-manager.
- McKinley Acquisition Corp formed for business combinations in any industry.
- Company granted underwriters a 45-day option to purchase up to 2,250,000 additional units.
- Offering made only by means of a prospectus available from Clear Street or SEC website.
The pricing of the IPO by McKinley Acquisition Corporation indicates a strong market interest in the company's potential business combination activities. Investors can follow the trading symbols for insights into the market performance of the units, shares, and rights.