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.
The units are expected to trade on the Nasdaq Global Market under the symbol 'MKLYU'.
Clear Street LLC is the sole book-running manager for the offering with Brookline Capital Markets as co-manager.
Initial Public Offering
Pricing of $150 million with 15,000,000 units at $10.00 per unit.
Business Combination
Formed for mergers, acquisitions, or business combinations in any industry.
Underwriters Option
Underwriters have a 45-day option to purchase up to 2,250,000 additional units.
- McKinley Acquisition Corp's IPO pricing indicates strong investor interest in the company.
- The ability to trade on the Nasdaq Global Market under the symbol 'MKLYU' enhances market visibility.
The successful pricing of the IPO and the underwriters' option reflect positive market reception for McKinley Acquisition Corp.