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Form 3: McKinley Partners Reports 6.76M MKLY Shares and 42K Rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

McKinley Partners LLC filed an Initial Statement of Beneficial Ownership (Form 3) reporting ownership in McKinley Acquisition Corp (ticker MKLY). The filing shows beneficial ownership of 6,763,103 ordinary shares, comprised of 6,343,103 ordinary shares plus 420,000 ordinary shares underlying private placement units sold alongside the issuer's IPO. The report also discloses 42,000 rights (representing 420,000 rights exercisable at one tenth of a share) associated with those private placement units. The form is signed by Peter Wright as Managing Member on behalf of McKinley Partners LLC.

Positive

  • Clear, detailed ownership counts provided: 6,763,103 ordinary shares disclosed
  • Derivative exposure quantified: 42,000 rights (representing 420,000 rights exercisable at one tenth of a share)

Negative

  • None.

Insights

TL;DR: Large disclosed stake signals concentrated ownership; filing is a routine Section 16 initial report.

The filing documents a substantial ownership position held directly by McKinley Partners LLC in McKinley Acquisition Corp: 6,763,103 ordinary shares plus detachable rights convertible at one tenth of a share, recorded as 42,000 underlying shares. This is a standard Form 3 disclosure following an IPO and concurrent private placement. The report provides clear counts of common shares and rights without valuation, percentage ownership, or transaction history beyond the private placement context.

TL;DR: Initial insider ownership disclosed; no governance actions or departures reported.

The Form 3 identifies McKinley Partners LLC as the reporting person and includes a signed submission by its managing member. It lists a direct ownership position and derivative rights tied to private placement units sold alongside the IPO. The disclosure is procedural and fulfills Section 16 requirements; it does not, by itself, indicate changes in board composition, officer status, or other governance events beyond the ownership reporting.

Insider McKinley Partners LLC - Delaware
Role 10% Owner
Type Security Shares Price Value
holding Rights -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Rights — 42,000 shares (Direct); Ordinary Shares — 6,763,103 shares (Direct)
Footnotes (2)
  1. F1. Includes 6,343,103 ordinary shares and 420,000 ordinary shares underlying the private placement units, which were sold in a private placement taking place simultaneously with the McKinley Acquisition Corporation initial public offering.
  2. F2. Includes 420,000 rights underlying the private placement units, which were sold in a private placement taking place simultaneously with the McKinley Acquisition Corporation initial public offering. Each right is exchangeable for one tenth of one ordinary share upon the completion of McKinley Acquisition Corporation initial business combination.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did McKinley Partners LLC report for MKLY in the Form 3?
The filer reported beneficial ownership of 6,763,103 ordinary shares and 42,000 rights (representing 420,000 rights exercisable at one tenth of a share).

What are the components of the 6,763,103 shares reported?
The total includes 6,343,103 ordinary shares plus 420,000 ordinary shares underlying private placement units sold alongside the IPO.

What do the 42,000 rights represent in this filing?
The 42,000 rights correspond to 420,000 rights underlying private placement units, each exchangeable for one tenth of one ordinary share upon completion of the company's initial business combination.

Who signed the Form 3 for McKinley Partners LLC?
The form is signed by Peter Wright, Managing Member of McKinley Partners LLC.

Is there any disclosure of percentage ownership or transaction dates in the Form 3?
The filing provides share and rights counts but does not state a percentage ownership or specify transactions beyond noting the private placement tied to the IPO.
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
McKinley Partners LLC - Delaware
(Last) (First) (Middle)
75 SECOND AVENUE,
SUITE 605
(Street)
NEEDHAM MA 02494
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/11/2025 		3. Issuer Name and Ticker or Trading Symbol
McKinley Acquisition Corp [ MKLY ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares 6,763,103(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Rights (2) (2) Ordinary Shares 42,000 (2) D
Explanation of Responses:
1. Includes 6,343,103 ordinary shares and 420,000 ordinary shares underlying the private placement units, which were sold in a private placement taking place simultaneously with the McKinley Acquisition Corporation initial public offering.
2. Includes 420,000 rights underlying the private placement units, which were sold in a private placement taking place simultaneously with the McKinley Acquisition Corporation initial public offering. Each right is exchangeable for one tenth of one ordinary share upon the completion of McKinley Acquisition Corporation initial business combination.
/s/ McKinley Partners LLC Peter Wright, Managing Member 09/17/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR