McKinley Acquisition, a blank check company targeting technologically progressive industries, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
The Needham, MA-based SPAC is led by Chairman Adam Dooley, the founder and CEO of private equity firm Belay International and a former MD at CR Capital, and CEO and Director Peter Wright, the President of PartnerCap Securities and founder and President of capital markets advisory firm Intro-act.
The SPAC plans to target what it calls progressive industries, or segments within broader sectors that are being reshaped by technology, evolving consumer behavior, or regulatory transformation. These include fintech, transporttech, cleantech, spacetech, AI, and agtech.
McKinley Acquisition plans to list its units on the Nasdaq under the symbol MKLYU. Clear Street acted as sole bookrunner on the deal.
