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 of one Class A ordinary share upon the company's initial business combination.
The units are expected to trade on the Nasdaq Global Market under the symbol 'MKLYU' beginning on August 12, 2025.
Public Offering
Announcement of a $150 million initial public offering of 15,000,000 units at $10.00 per unit.
Trading Symbols
Upon separate trading, Class A ordinary shares and rights will trade under 'MKLY' and 'MKLYR' symbols, respectively.
Underwriters
Clear Street LLC is the sole book-running manager, and Brookline Capital Markets is the co-manager.
- The company aims to achieve a successful business combination in any industry or business.
- The offering includes an option for underwriters to purchase up to 2,250,000 additional units to cover over-allotments.
McKinley Acquisition Corporation is positioning itself for potential mergers, acquisitions, or similar business combinations, supported by the initial public offering.