[Form 3] McKinley Acquisition Corp Initial Statement of Beneficial Ownership
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.
- 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)
- 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.