McKinley Acquisition Corporation Reports Net Income of $602,427 for Period Ending September 30, 2025

McKinley Acquisition Corporation, a blank check company incorporated on March 27, 2025, reported its financial results for the period ending September 30, 2025, in its latest 10-Q filing. The company generated a net income of $602,427 for the three months ended September 30, 2025, compared to a net income of $539,006 for the period from inception through the same date. The increase in net income was primarily driven by interest income of $951,679 earned on cash held in the Trust Account, which offset operational losses of $349,252 during the quarter.

As of September 30, 2025, McKinley Acquisition Corporation reported total assets of $175.5 million, which includes $173.5 million held in a Trust Account. The company’s liabilities totaled $4.7 million, with current liabilities accounting for $163,421. The company’s shareholders’ deficit stood at $2.6 million, reflecting an accumulated deficit of $2.1 million. The company has not yet commenced operations and has no revenue-generating activities, as it is still in the process of identifying a target business for its initial business combination.

In terms of strategic developments, McKinley Acquisition Corporation successfully completed its Initial Public Offering (IPO) on August 13, 2025, raising $150 million by selling 15 million units at $10 each. The underwriters exercised their over-allotment option, resulting in an additional $22.5 million raised. The proceeds from the IPO and the private placement of 465,000 units to the sponsor and underwriters were deposited into the Trust Account, which is intended to be used for the future business combination. The company incurred transaction costs of approximately $7.3 million related to the IPO.

Operationally, McKinley Acquisition Corporation has not yet identified a specific target for its business combination and has not engaged in substantive discussions with potential targets. The company has a total of 17,790,000 Class A ordinary shares and 6,543,103 Class B ordinary shares outstanding as of the reporting date. The company’s management is focused on identifying suitable acquisition opportunities and expects to incur significant costs related to due diligence and compliance as it seeks to complete its initial business combination.

Looking ahead, McKinley Acquisition Corporation acknowledges the challenges posed by current market conditions, including geopolitical tensions and economic volatility, which could impact its ability to identify and complete a business combination. The company has expressed uncertainty regarding its ability to continue as a going concern if it cannot complete a business combination within the required timeframe. Management plans to address these uncertainties by pursuing potential acquisition targets actively, although there is no assurance that such efforts will be successful.