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McKinley Acquisition Prices $150 Million IPO
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McKinley Acquisition Prices $150 Million IPO
Aug 12, 2025 2:27 AM

05:00 AM EDT, 08/12/2025 (MT Newswires) -- McKinley Acquisition said late Monday it priced its initial public offering of 15 million units, comprising one of class A share and one right, at $10 per unit.

The company said each right entitles the holder to receive one-tenth of one class A ordinary share after its initial business combination.

Trading of its units on the Nasdaq begins August 12 under the symbol 'MKLYU', the company said, adding that the class A shares and rights will later trade separately as 'MKLY' and 'MKLYR.'

McKinley Acquisition said it also granted underwriters a 45-day option to purchase up to 2.25 million additional units to cover over-allotments.

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