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McKinley Acquisition Corporation announced the pricing of its initial public offering of 15 million units at $10 per unit. Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-tenth of one Class A ordinary share upon completion of the company’s initial business combination.
The units are expected to begin trading on the Nasdaq Global Market under the symbol "MKLYU" on August 12, 2025. Once the securities begin separate trading, the Class A ordinary shares and rights will trade under the symbols "MKLY" and "MKLYR," respectively.
The company was formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. McKinley Acquisition may pursue an initial business combination target in any business or industry.
Clear Street LLC serves as the sole book-running manager for the offering, while Brookline Capital Markets, a division of Arcadia Securities LLC, acts as co-manager. The company has granted underwriters a 45-day option to purchase up to 2.25 million additional units at the initial public offering price to cover over-allotments.
A registration statement relating to the securities has been declared effective by the U.S. Securities and Exchange Commission. The information is based on a company press release statement.