McKinley Acquisition Corp
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
View on SEC.govAbout this filing
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.
Jun 30, 2026 · Filed Aug 14, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-15.
0001213900-26-057711
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-14.
0001213900-26-089324
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 51 previous paragraphs and 53 current paragraphs.
46 unchanged; 5 reworded; 0 added; 0 removed; 0 previous and 2 current paragraphs rearranged.
Tables are not compared: 15 previous and 15 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (5)
Previous wording
As indicated in the financial statements, at March 31, 2026, we had $1,410,014 of cash and $176,657,691 of amounts held in the Trust Account. We expect to incur significant costs in the pursuit of our initial business combination. We cannot assure you that our plans to raise capital or to complete our initial business combination will be successful.
Current wording
As indicated in the financial statements, at June 30, 2026, we had $1,027,588 of cash and $178,185,780 of amounts held in the Trust Account. We expect to incur significant costs in the pursuit of our initial business combination. We cannot assure you that our plans to raise capital or to complete our initial business combination will be successful.
Previous wording
For the three months ended March 31, 2026, we had net income of $1,286,495. Net income was comprised of $1,519,942 interest income on cash and marketable securities held in the Trust Account, offset by $193,756 of general and administrative expenses, listing fee expense of $20,783, insurance expense of $16,644, and subscription expense of $2,264.
Current wording
For the three months ended June 30, 2026, we had net income of $899,136. Net income was comprised of $1,528,089 of interest income on cash and marketable securities held in the Trust Account, offset by $588,127 of general and administrative expenses, listing fee expense of $21,250, insurance expense of $16,829, and subscription expense of $2,747.
Previous wording
For the period from March 27, 2025 (inception) through March 31, 2025, we had net loss of $8,601, comprised of formation, general and administrative expenses of $8,601.
Current wording
For the period from March 27, 2025 (inception) through June 30, 2025, we had net loss of $63,421, comprised of formation, general and administrative expenses of $63,421.
Previous wording
We had cash of $1,410,014 and $1,663,042 and no cash equivalents as of March 31, 2026 and December 31, 2025, respectively. We had working capital of $1,438,915 and $1,655,718 as of March 31, 2026 and December 31, 2025, respectively.
Current wording
We had cash of $1,027,588 and $1,663,042 and no cash equivalents as of June 30, 2026 and December 31, 2025, respectively. We had working capital of $826,791 and $1,655,718 as of June 30, 2026 and December 31, 2025, respectively.
Previous wording
Transaction costs amounted to $7,262,013, consisting of a $1,500,000 cash underwriting fee, $4,500,000 of deferred underwriting fee, and $1,262,013 of other offering costs.
Current wording
Transaction costs amounted to $7,262,013, consisting of a $1,500,000 cash underwriting fee, $4,500,000 of deferred underwriting fee, and $1,262,013 of other offering costs. Deferred underwriting commissions increased to $5,175,000 due to the underwriters’ full exercise of the over-allotment option on August 15, 2025.
Rearranged current paragraphs (2)
Current report — wording carried from elsewhere
For the six months ended June 30, 2026, we had net income of $2,185,631. Net income was comprised of $3,048,031 of interest income on cash and marketable securities held in the Trust Account, offset by $781,883 of general and administrative expenses, listing fee expense of $42,033, insurance expense of $33,473, and subscription expense of $5,011.
Current report — wording carried from elsewhere
For the three months ended June 30, 2025, we had net loss of $54,820, comprised of formation, general and administrative expenses of $54,820.