30 years across private equity and capital markets. Founder, Belay International.
McKinley Acquisition Corporation
A single-purpose vehicle. One transaction. One outcome. Sponsored by Belay Global Partners and structured for alignment between sponsor, merger partner, and public shareholders.
McKinley exists to identify one private company, typically $500M-$2B in enterprise value, with recurring revenue and credible public-company readiness, and combine with it through a SPAC business combination paired with institutional capital raised through Private Investment in Public Equity (PIPE).
It is a credible alternative to a traditional IPO for companies that want speed, valuation certainty, and a sponsor whose interests are tied to long-term performance rather than transaction fees.
A clean capital structure, designed for alignment.
McKinley’s terms are designed to remove the frictions that have historically undermined SPACs, and to keep sponsor, merger partner, and public shareholders pointed in the same direction.
- Total trust size
- $172.5M
- Proceeds in trust
- 100%
- Rights
- 1/10 share per unit (no warrants)
- Founder investment
- $4.65M at risk
- Lock-up
- 12 months post-combination
Liquidity.
Rights, not warrants, deepen initial trading float in the combined company.
No dilution overhang.
The absence of warrants removes the structural deterrent that keeps institutions from participating in the secondary market.
Alignment.
Sponsor economics vest over time, and a twelve-month post-combination lock-up aligns sponsor and the company’s management to the same horizon.
25+ years in finance. Managing Director, Emil Capital Partners. Former CFO, Gorilla Technology Group (NASDAQ: GRRR).
25 years in research and capital markets. Founder, Intro-act. President, PartnerCap Securities.
Senior counsel, Belay International. Former senior regulator at the U.S. SEC focused on governance, disclosure, and investment management.
How a McKinley combination moves.
A disciplined sequence, designed so the merger partner, its existing investors, and incoming public shareholders all see the same path.
Systematic screening of qualified private companies against McKinley’s mandate.
Business, management, market position, and growth review.
Financial modeling, peer review, scenario analysis.
Deal structure optimized for long-term shareholder value.
Binding agreement signed; SEC review begins.
Shareholder approval, closing, post-merger value creation.







