# McKinley Acquisition Corp (MKLYU) — merger/spac_merger [pending]
Source: SEC API (secapi.ai) · situation sit_8cbd0ea4e748e7b3c91d · retrieved 2026-08-11T15:49:19.147Z

## Overview
Space-Eyes, Inc. is a geospatial intelligence and technology company that develops AI-driven, sensor-agnostic counter-unmanned aerial systems (C-UAS) and broader geospatial intelligence platforms for defense, security, and enterprise operations.

Space-Eyes, Inc., a provider of geospatial intelligence and AI-driven counter-drone technology, and McKinley Acquisition Corp. (Nasdaq: MKLY) announced a definitive business combination agreement on July 31, 2026. The transaction values Space-Eyes at a pro-forma equity value of $638 million (assuming no redemptions from McKinley's trust account and the initial $5 million PIPE tranche) and an implied enterprise value of $370 million. McKinley has sourced up to $75 million in PIPE financing, with $5 million to be invested upon filing of the Form S-4 registration statement. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approval, with the combined company to be named Space-Eyes, Inc. and listed on Nasdaq under ticker symbol CUAS.

## Terms
- Counterparty: Space-Eyes, Inc. · Deal value: $638.0M · Consideration: mixed

## Key dates
- Announced 2026-08-03

## Timeline
- 2026-08-03 · 425 (0001213900-26-084277): 425 - McKinley Acquisition Corp — *Space-Eyes, Inc. develops counter-unmanned aerial systems (CUAS) and autonomous defense technology, including its Morpheus platform, which uses AI-driven hacking and acoustic capabilities to take control of or disable hostile drones across maritime, wildfire, and critical infrastructure defense applications.* McKinley Acquisition Corporation (a blank-check SPAC) is pursuing a business combination with Space-Eyes, Inc., a developer of counter-drone and autonomous defense technology. The transaction was announced via media appearances on July 31, 2026, featuring executives from both companies discussing Space-Eyes' Morpheus technology platform, which uses AI and geospatial data to detect, classify, and neutralize unmanned aerial systems. McKinley's leadership emphasized the strategic importance of bringing Space-Eyes' American-made, American-funded technology to market to address national security threats from drone proliferation.
  https://www.sec.gov/Archives/edgar/data/2067592/0001213900-26-084277.txt
- 2026-08-04 · 425 (0001213900-26-085222): 425 - McKinley Acquisition Corp — *Space-Eyes, Inc. is a geospatial intelligence and technology company that develops AI-driven, sensor-agnostic counter-unmanned aerial systems (C-UAS) and broader geospatial intelligence platforms for defense, security, and enterprise operations.* Space-Eyes, Inc., a provider of geospatial intelligence and AI-driven counter-drone technology, and McKinley Acquisition Corp. (Nasdaq: MKLY) announced a definitive business combination agreement on July 31, 2026. The transaction values Space-Eyes at a pro-forma equity value of $638 million (assuming no redemptions from McKinley's trust account and the initial $5 million PIPE tranche) and an implied enterprise value of $370 million. McKinley has sourced up to $75 million in PIPE financing, with $5 million to be invested upon filing of the Form S-4 registration statement. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approval, with the combined company to be named Space-Eyes, Inc. and listed on Nasdaq under ticker symbol CUAS.
  https://www.sec.gov/Archives/edgar/data/2067592/0001213900-26-085222.txt

## Citations
- 0001213900-26-084277 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026084277
- 0001213900-26-085222 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026085222