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 beginning on August 12, 2025.
Initial Public Offering
McKinley Acquisition Corp offered 15,000,000 units at $10.00 per unit in its IPO.
Trading Symbols
Following separate trading, Class A ordinary shares will trade as MKLY and rights as MKLYR on Nasdaq.
Underwriters
Clear Street LLC is the sole book-running manager for the offering with Brookline Capital Markets as co-manager.
Over-Allotments
Underwriters have a 45-day option to purchase up to 2,250,000 additional units.
- McKinley Acquisition Corp aims to effect a business combination with one or more businesses in any industry.
- The public offering provides a means for the Company to raise capital for future mergers or acquisitions.
- Investors may consider the Company's registration statement and preliminary prospectus filed with the SEC for detailed information on the offering.
The successful pricing of the $150 million Initial Public Offering by McKinley Acquisition Corp marks a significant milestone in its journey towards potential mergers or acquisitions in various industries.