McKinley Acquisition Corp (MKLY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 89.65% of current shares
Recent Dilution: 166.77% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
17M
Potential Supply
15M
Additional shares possible
Splits
None
Past 2 years

Summary

MKLY currently has 17.3M outstanding shares. with significant dilution risk as 15.5M authorized shares could dilute existing holders by 89.7%. The company has significantly diluted shareholders by 166.77% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 17.3M shares outstanding

17M 15M
Nov 13, 2025

10-Q filing | 17.8M shares outstanding

18M 15M
Sep 23, 2025

10-Q filing | 17.3M shares outstanding

17M 15M
Aug 29, 2025

8-K filing: McKinley Acquisition Corporation consummated its initial public offering of 15,000,000 units at $10.00 per unit, generating gross proceeds of $150,000,000, and simultaneously completed a private placement of 465,000 units at $10.00 per unit with McKinley Partners LLC, Clear Street LLC, and Brookline Capital Markets. ($154.65M proceeds)

6.5M 15M
Jul 25, 2025

S-1/A filing: McKinley Acquisition Corporation is offering 15,000,000 units, each consisting of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share, at a price of $10.00 per unit in an initial public offering.

6.5M 15M
Jun 30, 2025

S-1 filing: This S-1 filing is for an initial public offering of units of McKinley Acquisition Corporation, a blank check company, with each unit priced at $10.00 and consisting of one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon consummation of an initial business combination.

6.5M 15M
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