05:31 AM EDT, 08/14/2025 (MT Newswires) -- McKinley Acquisition (MKLY) said Wednesday it closed its initial public offering of 15 million shares at $10 each, for gross proceeds of $150 million.

Each unit consists of one class A ordinary share and one right to receive one-tenth of a class A share upon completion of the company's initial business combination, McKinley said.

IPO underwriters have a 45-day overallotment option to purchase up to 2.25 million additional shares, the company said.

The company expects its shares to start trading on Nasdaq Global Market under the ticker symbol "MKLYU", with shares and rights set to trade separately as MKLY and MKLYR, respectively.