BETA Technologies launches IPO of 25 million shares priced $27-$33
NEEDHAM, Mass. - McKinley Acquisition Corporation (Nasdaq:MKLYU), currently trading at $9.99 and maintaining a market capitalization of $233.81 million, announced Wednesday that holders of units from its initial public offering can begin separately trading the company’s Class A ordinary shares and rights starting October 2, 2025.
The Class A ordinary shares and rights will trade on The Nasdaq Global Market under the symbols "MKLY" and "MKLYR" respectively, while unseparated units will continue trading under "MKLYU." Only whole rights will trade, with no fractional rights to be issued upon separation.
Unit holders seeking to separate their holdings must have their brokers contact Odyssey Transfer and Trust Company, the company’s transfer agent.
McKinley Acquisition Corporation is a blank check company incorporated in the Cayman Islands. The company was formed to execute a merger, share exchange, asset acquisition, or similar business combination with one or more businesses.
The company’s securities offering is based on a registration statement (File No. 333-288439) declared effective by the U.S. Securities and Exchange Commission on August 11, 2025.
The announcement comes from a company press release, which noted that the statement should not be considered an offer to sell or solicitation to buy securities in jurisdictions where such actions would be unlawful without proper registration.
In other recent news, McKinley Acquisition Corporation announced the successful raising of $172.25 million through its initial public offering. The company achieved this by closing on an additional 2.25 million units after the full exercise of the underwriter’s over-allotment option. Initially, McKinley Acquisition Corporation completed its offering with 15 million units. With the overallotment, the total number of units sold reached 17.25 million, each priced at $10.00. This development marks a significant step for the company in its financial activities. The successful IPO reflects the company’s ability to attract investor interest. This financial milestone is part of McKinley Acquisition Corporation’s ongoing efforts in the market.
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