secwatch.observer — SEC 8-K summary
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Issuer:     McKinley Acquisition Corp (MKLY)
CIK:        0002067592
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0001213900-25-082562
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067592/000121390025082562/0001213900-25-082562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067592/000121390025082562/ea0253653-8k_mckinley.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-082562

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