SCHEDULE: Verition Fund Management Discloses 6.4% Stake in McKinley

Verition Fund Management LLC and Nicholas Maounis have reported a 6.4% beneficial ownership stake in McKinley Acquisition Corp's Class A ordinary shares.

Summary

• Verition Fund Management LLC and Nicholas Maounis (the "Reporting Persons") have disclosed beneficial ownership of Class A ordinary shares in McKinley Acquisition Corp.
• The Reporting Persons collectively beneficially own 1,100,000 Class A Ordinary Shares.
• This ownership represents approximately 6.4% of McKinley Acquisition Corp's Class A Ordinary Shares outstanding.
• The shares are held for the account of Verition Multi-Strategy Master Fund Ltd., where Verition Fund Management LLC serves as the investment manager and Nicholas Maounis is the managing member.
• The reported percentage is based on 17,250,000 Class A Ordinary Shares outstanding as of September 23, 2025, as reported by the Issuer.
• The beneficial ownership excludes Class A Ordinary Shares underlying Unit Rights, which are only acquirable upon the consummation of the Issuer's initial business combination.

Sentiment

Score: 6

Explanation: Neutral to slightly positive, as it indicates institutional interest without implying any operational changes or financial performance.

Positives

• A significant institutional investor, Verition Fund Management LLC, has disclosed a 6.4% stake, indicating potential confidence or strategic interest in McKinley Acquisition Corp.

Negatives

• No specific negatives are indicated in this passive ownership disclosure.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this ownership filing.

Future Outlook

No future outlook or guidance is provided in this ownership disclosure.

Industry Context

This filing indicates a significant passive investment by a fund manager in a Special Purpose Acquisition Company (SPAC), McKinley Acquisition Corp. Such disclosures are common as institutional investors take positions in SPACs, often anticipating a future business combination.

Comparison to Industry Standards

• This filing is a routine disclosure of a significant passive stake by an institutional investor, consistent with standard reporting requirements for ownership exceeding 5% in publicly traded companies. Specific comparable companies, projects, or results are not relevant to this type of ownership disclosure, as it focuses solely on the beneficial ownership percentage and not the operational or financial performance of the issuer.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be viewed positively, potentially adding stability or signaling confidence in the company.

Next Steps

• Consummation of McKinley Acquisition Corp's initial business combination, which would trigger the conversion of Unit Rights into Class A Ordinary Shares.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses a passive ownership stake by an institutional investor. It does not contain financial performance data, strategic updates, or operational insights that would typically drive a strong buy or sell recommendation. The disclosure of a 6.4% stake by Verition Fund Management LLC is a factual report of ownership, indicating institutional interest, but without further context on McKinley Acquisition Corp's business combination prospects or financial health, a 'hold' recommendation is appropriate for existing investors, while new investors would need to conduct further due diligence.

Keywords

McKinley Acquisition Corp, Verition Fund Management, Nicholas Maounis, Beneficial Ownership, Schedule 13G, Class A Ordinary Shares, SPAC, Institutional Investor