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 consummation of the initial business combination.
The units are expected to trade on the Nasdaq Global Market under the symbol 'MKLYU' starting on August 12, 2025.
Unit Details
Each unit includes one Class A ordinary share and one right.
Trading Symbols
The units will trade under 'MKLYU,' while the Class A ordinary shares and rights will trade separately under 'MKLY' and 'MKLYR,' respectively.
Underwriters
Clear Street LLC is the sole book-running manager, and Brookline Capital Markets is the co-manager.
- McKinley Acquisition Corporation's successful pricing of the $150 million IPO indicates investor confidence in the company's future prospects.
- The allocation of 15,000,000 units suggests strong demand for the offering, reflecting positive market sentiment.
McKinley Acquisition Corporation's pricing of the IPO and the positive market reception demonstrate a promising start for the company's future business combinations and growth.