McKinley Acquisition Corp
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
MKLY$10.31+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Balance Sheet as of September 30, 2025
UNAUDITED CONDENSED BALANCE SHEET
| Assets: | |
|---|---|
| Current assets: | |
| Cash | $1,883,395 |
| Prepaid expenses – current | 90,609 |
| Due from related party | 30,478 |
| Total current assets | 2,004,482 |
| Non-current assets: | |
| Cash held in Trust Account | 173,451,679 |
| Prepaid expenses – non-current | 58,253 |
| Total non-current assets | 173,509,932 |
| Total Assets | $175,514,414 |
| Liabilities, Class A Ordinary Shares Subject to Redemption, and Shareholders’ Deficit: | |
| Current liabilities: | |
| Accounts payable | $73,969 |
| Accrued expenses | 79,000 |
| Administrative services fee payable – related party | 10,452 |
| Total current liabilities | 163,421 |
| Non-current liabilities: | |
| Deferred underwriting commissions | 4,500,000 |
| Total non-current liabilities | 4,500,000 |
| Total Liabilities | 4,663,421 |
| Commitments and Contingencies (Note 7) | |
| Class A ordinary shares subject to possible redemption, $0.0001 par value; 17,250,000 shares issued and outstanding at redemption value of $10.06 per share | 173,451,679 |
| Shareholders’ Deficit | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding | — |
| Class A ordinary shares, $0.0001 par value; 239,000,000 shares authorized; 540,000 shares issued and outstanding (excluding 17,250,000 shares subject to possible redemption) | 55 |
| Class B ordinary shares, $0.0001 par value; 10,000,000 shares authorized; 6,543,103 shares issued and outstanding | 654 |
| Share receivable | (500,000) |
| Additional paid-in capital | — |
| Accumulated deficit | (2,101,395) |
| Total Shareholders’ Deficit | (2,600,686) |
| Total Liabilities, Class A Ordinary Shares Subject to Redemption, and Shareholders’ Deficit | $175,514,414 |
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
| For the Three Months Ended | For the Period From March 27, 2025 (Inception) Through | |
|---|---|---|
| September 30, 2025 | September 30, 2025 | |
| Loss from operations: | ||
| Formation, general and administrative expenses | $327,697 | $391,118 |
| Listing fees | 12,308 | 12,308 |
| Insurance expense | 9,247 | 9,247 |
| Net loss from operations | (349,252) | (412,673) |
| Other income: | ||
| Interest income on Trust Account | 951,679 | 951,679 |
| Net other income | 951,679 | 951,679 |
| Net income | $602,427 | $539,006 |
| Basic weighted average Class A ordinary shares subject to possible redemption outstanding | 9,040,761 | 4,424,202 |
| Basic net income per Class A ordinary shares subject to possible redemption | $0.04 | $0.05 |
| Basic weighted average Class A & Class B ordinary shares not subject to possible redemption outstanding | 6,349,527 | 6,012,571 |
| Basic net income per Class A & Class B ordinary shares not subject to possible redemption | $0.04 | $0.05 |
| Diluted weighted average Class A ordinary shares subject to possible redemption outstanding | 9,040,761 | 4,424,202 |
| Diluted net income per Class A ordinary shares subject to possible redemption | $0.04 | $0.05 |
| Diluted weighted average Class A & Class B ordinary shares not subject to possible redemption outstanding | 6,804,081 | 6,670,816 |
| Diluted net income per Class A & Class B ordinary shares not subject to possible redemption | $0.04 | $0.05 |
UNAUDITED CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER’S DEFICIT
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND FOR THE PERIOD FROM MARCH 27, 2025 (INCEPTION) THROUGH SEPTEMBER 30, 2025
| Class A ordinary shares · Class B ordinary shares · Share · Additional Paid-In · Accumulated · Total Shareholder’s | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Receivable | Capital | Deficit | Deficit | |
| Balance as of March 27, 2025 (inception) | — | $— | — | $— | $— | $— | $— | $— |
| Net loss | — | — | — | — | — | — | (8,601) | (8,601) |
| Balance as of March 31, 2025 (Unaudited) | — | — | — | — | — | — | (8,601) | (8,601) |
| Issuance of Class B ordinary shares to Sponsor | — | — | 6,543,103 | 654 | — | 24,346 | — | 25,000 |
| Net loss | — | — | — | — | — | — | (54,820) | (54,820) |
| Balance as of June 30, 2025 (Unaudited) | — | — | 6,543,103 | $654 | — | $24,346 | $(63,421) | $(38,421) |
| Sale of Public Units | — | — | — | — | — | 3,622,244 | — | 3,622,244 |
| Sale of Private Placement Units | 465,000 | 47 | — | — | (500,000) | 4,649,953 | — | 4,150,000 |
| Capital contribution of membership interests | — | — | — | — | — | 12,765,331 | — | 12,765,331 |
| Cost of raising capital for non-managing sponsor and underwriter interests | — | — | — | — | — | (12,765,331) | — | (12,765,331) |
| Issuance of Representative Shares | 75,000 | 8 | — | — | — | 749,992 | — | 750,000 |
| Allocated value of transaction costs to Rights | — | — | — | — | — | (175,365) | — | (175,365) |
| Exercise of over-allotment option | — | — | — | — | — | 149,000 | — | 149,000 |
| Remeasurement of Class A ordinary shares to redemption value | — | — | — | — | — | (9,020,170) | (2,640,401) | (11,660,571) |
| Net income | — | — | — | — | — | — | 602,427 | 602,427 |
| Balance as of September 30, 2025 (Unaudited) | 540,000 | $55 | 6,543,103 | $654 | $(500,000) | $— | $(2,101,395) | $(2,600,686) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.