Space-Eyes, Inc. (“Space-Eyes”), a provider of next-generation geospatial intelligence and AI agents that orchestrate real-time situational awareness and control for Defense, Security, and Enterprise Operations Worldwide, and McKinley Acquisition Corp. (Nasdaq: MKLY) (“McKinley”), announced today that they have entered into a definitive business combination agreement ("BCA”). The proposed transaction was unanimously approved by the boards of directors of both Space-Eyes and McKinley and is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including regulatory and shareholder approval. Upon closing, the combined company will be named Space-Eyes, Inc., and its common stock is expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and trade under the ticker symbol CUAS, subject to approval by Nasdaq.

The two companies aim to expand the AI-powered defense systems business using third-party manufacturers in a bid to garner government contracts worldwide.

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Space-Eyes, a drone-fighting technology firm backed by President Trump's son Eric, plans to go public via a merger with special-purpose acquisition company McKinley Acquisition. The company, which offers systems to detect and fight drones and has a geospatial intelligence platform, is expected to list on Nasdaq and trade under the ticker CUAS.

Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp in a deal valuing the combined business at $638 million, the companies said on Friday, confirming an earlier Reuters report. President Donald ‌Trump's son Eric Trump has recently become the third-largest private investor in the original Space-Eyes, which has operated primarily as a research-and-development company and generated about $1 ‌million in annual revenue, according to people familiar with the matter. Eric Trump will serve as a strategic adviser to the combined business following the transaction.