[SCHEDULE 13G/A] McKinley Acquisition Corp Amended Passive Investment Disclosure
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
McKinley Acquisition Corp (MKLY) Schedule 13G/A reports that Verition Fund Management LLC and Nicholas Maounis may be deemed to beneficially own 685,312 Class A ordinary shares as of March 31, 2026. That holding represents approximately 3.8% of the Class A shares based on 17,801,250 shares outstanding as of February 27, 2026. The shares are held for the account of Verition Multi-Strategy Master Fund Ltd.; reported voting and dispositive power is shared for 685,312 shares. Unit Rights converting to fractional shares upon an initial business combination are excluded from the beneficial-ownership count.
Positive
- None.
Negative
- None.
Key Figures
Reported beneficial ownership: 685,312 shares
Percent of class: 3.8%
Shares outstanding: 17,801,250 shares
3 metrics
Reported beneficial ownership
685,312 shares
As of March 31, 2026; held for Verition Multi-Strategy Master Fund Ltd.
Percent of class
3.8%
Based on 17,801,250 Class A shares outstanding as of February 27, 2026
Shares outstanding
17,801,250 shares
Outstanding as of February 27, 2026 (reported in the issuer's Form 10-K)
Key Terms
Unit Rights, beneficially own, shared dispositive power
3 terms
Unit Rights financial
"one right entitling the holder to receive one-tenth of one Class A Ordinary Share"
Unit rights are tradable entitlements given to existing investors that let them buy new "units" — a package that often includes a share plus an option to buy more later — at a set price for a limited time. They matter because they offer a chance to increase ownership at a predefined price (reducing the impact of dilution) or to sell the right itself for cash, similar to having a coupon that lets you buy extra slices of a pizza at a fixed price or sell the coupon instead.
beneficially own regulatory
"the number of Class A Ordinary Shares the Reporting Persons may be deemed to beneficially own"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
FAQ
What stake does Verition hold in McKinley Acquisition Corp (MKLY)?
Verition Fund Management LLC and Nicholas Maounis are reported to beneficially own 685,312 shares representing about 3.8% of Class A ordinary shares. This percentage is calculated using 17,801,250 shares outstanding as of February 27, 2026, per the filing.
What is the address and jurisdiction for the reporting persons on the MKLY filing?
The principal business office for the reporting persons is listed as One American Lane, Greenwich, CT 06831. Verition Fund Management LLC is a Delaware limited liability company; Nicholas Maounis is a United States citizen.