---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-082562"
form_type: "8-K"
ticker: "MKLY"
cik: "0002067592"
company_name: "McKinley Acquisition Corp"
filed_at: "2025-08-29T23:59:59+00:00"
generated_at: "2026-05-17T09:20:25.812806+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# McKinley Acquisition Corp. closes $150M IPO; auditor raises going concern doubt

## Summary
- IPO of 15M units at $10.00 closed Aug 13, 2025; gross proceeds $150M deposited in trust.
- Private placement of 465K units at $10.00 with sponsor and underwriters for $4.65M ($0.5M subscription receivable).
- Auditor's report includes a going concern paragraph citing insufficient liquidity to fund operations for one year without a business combination.
- Underwriters exercised over-allotment option in full on Aug 19, 2025 (after balance sheet date).
- No business combination target identified; company has 18 months from IPO closing to complete a deal.

## SEC filing metadata
- accession: 0001213900-25-082562
- form_type: 8-K
- ticker: MKLY
- cik: 0002067592
- company_name: McKinley Acquisition Corp
- filed_at: 2025-08-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2067592/000121390025082562/0001213900-25-082562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2067592/000121390025082562/ea0253653-8k_mckinley.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-082562
- JSON: https://secwatch.observer/filing/0001213900-25-082562.json
- Plain text: https://secwatch.observer/filing/0001213900-25-082562.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.