McKinley Acquisition Corporation priced its initial public offering at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right.
The units are expected to trade on the Nasdaq Global Market under the symbol "MKLYU" starting August 12, 2025.
The Company formed for business combination purposes may target any industry for its initial merger or acquisition.
Offering Details
$150 million IPO, 15,000,000 units at $10.00 per unit, with each unit comprising one Class A ordinary share and one right.
Trading Symbols
Units to trade as "MKLYU," Class A ordinary shares as "MKLY," and rights as "MKLYR" on Nasdaq.
Underwriters
Clear Street LLC is the sole book-running manager, with Brookline Capital Markets as co-manager.
- The successful pricing of the IPO indicates investor interest in the Company's future business combination plans.
- Granting the underwriters an option to purchase additional units allows flexibility in managing demand during the offering.
The pricing of the IPO and the active participation of underwriters signal a promising start for McKinley Acquisition Corporation in pursuing its business combination strategy.