Group 1 - McKinley Acquisition Corporation closed its initial public offering of 15,000,000 units, with an additional 2,250,000 units issued due to the underwriter's over-allotment option, resulting in total gross proceeds of $172,250,000 priced at $10.00 per unit [1][3] - The units began trading on Nasdaq under the symbol "MKLYU" on August 13, 2025, with each unit consisting of one Class A ordinary share and one right, where each right entitles the holder to receive one-tenth of a Class A ordinary share upon the initial business combination [2] - A total of $172,500,000 from the offering proceeds was placed in trust, reflecting the amount raised from the public offering [3] Group 2 - Clear Street LLC served as the sole book-running manager for the offering, while Brookline Capital Markets acted as co-manager [4]
McKinley Acquisition Corp Announces Full Exercise of Over-Allotment Option in connection with its Initial Public Offering
Globenewswire·2025-08-19 16:47