McKinley Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights Commencing October 2, 2025
Rhea-AI Summary
McKinley Acquisition Corporation (Nasdaq: MKLY) announced that starting October 2, 2025, holders of units from its initial public offering can separately trade the company's Class A ordinary shares and rights. The separated securities will trade on The Nasdaq Global Market under the symbols "MKLY" (Class A shares) and "MKLYR" (rights).
Units that remain unseparated will continue trading under "MKLYU". Unit holders must contact Odyssey Transfer and Trust Company to separate their units. The company's registration statement (File No. 333-288439) was declared effective by the SEC on August 11, 2025.
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NEEDHAM, Mass, Oct. 01, 2025 (GLOBE NEWSWIRE) -- McKinley Acquisition Corporation (Nasdaq: MKLYU) (the “Company”) announced today that, commencing October 2, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and rights included in the units.
No fractional rights will be issued upon separation of the units and only whole rights will trade. The Class A ordinary shares and rights that are separated will trade on The Nasdaq Global Market under the symbols “MKLY” and “MKLYR,” respectively. Those units not separated will continue to trade on The Nasdaq Global Market under the symbol “MKLYU.” Holders of units will need to have their brokers contact Odyssey Transfer and Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and rights.
A registration statement on Form S-1 (File No. 333-288439) (the “Registration Statement”) relating to the securities was declared effective by the U.S. Securities and Exchange Commission on August 11, 2025, in accordance with Section 8(a) of the Securities Act of 1933, as amended.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About McKinley Acquisition Corporation
McKinley Acquisition Corporation is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.www.sec.govsec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Company Contact:
McKinley Acquisition Corp
Peter Wright
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