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McKinley Acquisition Corporation (Nasdaq: MKLY) has successfully completed its initial public offering (IPO) of 15,000,000 units at $10.00 per unit, raising gross proceeds of $150 million.
Each unit comprises one Class A ordinary share and one right, with the right entitling holders to receive one-tenth of a Class A ordinary share upon completing an initial business combination. The units trade on Nasdaq under "MKLYU", while the separated components will trade as "MKLY" and "MKLYR".
The entire IPO proceeds of $150 million have been placed in trust. Clear Street LLC served as the sole book-runner, with Brookline Capital Markets as co-manager. Underwriters have a 45-day option to purchase up to 2,250,000 additional units to cover over-allotments.
McKinley Acquisition Corporation (NASDAQ:MKLY) has announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit, totaling $150 million. Each unit comprises one Class A ordinary share and one right, with each right convertible to one-tenth of a Class A ordinary share upon completing an initial business combination.
The units will trade on the Nasdaq Global Market under "MKLYU" starting August 12, 2025. The Class A ordinary shares and rights will later trade separately under "MKLY" and "MKLYR" respectively. Clear Street LLC serves as the sole book-runner, with Brookline Capital Markets as co-manager. Underwriters have a 45-day option to purchase up to 2,250,000 additional units to cover over-allotments.
