McKinley Acquisition Corp
MKLY—
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McKinley Acquisition Corp AI Insights
Informational only. Not investment advice.Snapshot
- Pre-revenue SPAC with 170.9M equity and zero debt trading at 0.93x book - 7% discount to trust value[Price to Book Ratio]
- Net income of 602K driven entirely by 952K interest income on trust assets - no operating business exists[Interest Income]
- 177M raised via IPO with only 1.9M cash outside trust - limited runway for deal expenses[Cash and Equivalents]
Watch Triggers
- Cash and Equivalents: Falls below 500K — Signals need for sponsor funding or accelerated deal timeline
- Price to Book Ratio: Rises above 1.0 — Premium to trust suggests market pricing in deal speculation
- Volume: Spikes above 100K — Unusual activity may precede deal announcement
Bull Case
Trading at 7% discount to book provides downside protection - trust redemption at ~10.78 creates hard floor
Price to Book RatioBook Value Per Share
Zero debt structure with 170.9M equity gives flexibility for acquisition without leverage constraints
Debt to EquityCommon Stockholders Equity
Bear Case
No operating business, zero revenue, negative FCF (-287K) - pure optionality bet on management finding a deal
Total RevenueFree Cash Flow
Only 1.9M working cash vs 349K annual G&A burn - may need sponsor support or extensions
Cash and EquivalentsGeneral and Administrative Expense
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
SPAC will either announce acquisition target or face redemption pressure within 12-24 months
1-3yhigh
- Standard SPAC timeline requires deal or liquidation
- Trust value of ~10.78/share sets floor
- Low trading volume (1,712) signals limited market interest
Book Value Per Share of 10.78P/B of 0.93 implies 7% discountZero revenue, zero operations
Valuation Context
Caveats
MKLY Fundamentals
Management of Companies and Enterprises → Management of Companies and Enterprises
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$247.83M | — | ||
$246.42M | — | ||
0.00 | — | ||
$0 | — | ||
$0.00 | — | ||
0% | — | ||
0% | — | ||
$0 | — | ||
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
MKLY Dividend History
No dividends
MKLY Stock Splits
No stock splits
MKLY SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/15/26 | 03/31/26 | 10-Q | |
12/31/25 | 12/31/25 | 10-K | |
11/13/25 | 09/30/25 | 10-Q | |
09/23/25 | 06/30/25 | 10-Q | |
03/31/25 | 03/31/25 | 424B4 |