McKinley Acquisition Corporation announces separate trading for Class A shares and rights starting October 2, 2025.
Quiver AI Summary
McKinley Acquisition Corporation 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 shares will be listed on The Nasdaq Global Market under the symbols "MKLY" and "MKLYR," while unsplit units will continue to trade under "MKLYU." To separate the units, holders must have their brokers contact the Company's transfer agent, Odyssey Transfer and Trust Company. The press release also states that it does not constitute an offer to sell or solicit any purchases of securities. McKinley Acquisition Corporation is focused on effecting business combinations. Forward-looking statements regarding the use of proceeds and future plans are included, with a caution on various conditions that may affect them.
Potential Positives
- Holders of units from the initial public offering can now separately trade the Company's Class A ordinary shares and rights, enhancing liquidity for investors.
- The Class A ordinary shares and rights will trade under distinct symbols on The Nasdaq Global Market, which could increase visibility and interest in the Company's stock.
- The registration statement for the securities was declared effective by the U.S. Securities and Exchange Commission, indicating regulatory approval and compliance, which adds legitimacy to the Company.
Potential Negatives
- The press release highlights that no fractional rights will be issued upon the separation of units, which may limit investment flexibility for shareholders.
- The reliance on forward-looking statements without assurance regarding the actual use of net proceeds could lead to investor skepticism and concerns about transparency.
- The necessity for holders to contact their brokers for unit separation could create potential barriers and confusion for investors wishing to trade.
FAQ
When can I separate my McKinley Acquisition Corporation units?
You can start separating your units on October 2, 2025.
What securities will trade separately after the separation?
The Class A ordinary shares will trade under the symbol "MKLY" and rights under "MKLYR".
How do I separate my units into shares and rights?
Please have your broker contact Odyssey Transfer and Trust Company to separate the units.
Will fractional rights be issued during the separation?
No, only whole rights will be issued upon the separation of units.
Where can I find the registration statement details?
The registration statement details are available on the SEC’s website at www.sec.gov.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
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.gov sec.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
