Space-Eyes and McKinley Acquisition Corp. Announce Definitive Business Combination Agreement to Deliver AI-Driven Counter Drone Technology and Geospatial Intelligence Worldwide

The transaction will bring Space-Eyes' intelligence platforms to public markets with real-time situational awareness for governments and enterprises to monitor and respond to mission critical threats across land, sea and air. Eric Trump announced as an investor and strategic adviser with deep experience in identifying and growing U.S. innovations in defense technology.

Highlights:

• Proposed transaction is expected to close in the fourth quarter of 2026.
• Implied Space-Eyes pro forma transaction equity valuation of $638 million, assuming no redemptions from McKinley's trust account and the initial tranche of $5 million received from PIPE.
• Sourced up to $75 million in a PIPE to augment $176.7 million of trust capital.
• Implied enterprise value of $370 million.

Miami, Florida, July 31, 2026 (GLOBE NEWSWIRE) -- 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.

Space-Eyes delivers AI-driven, sensor-agnostic Counter-Unmanned Aerial Systems (C-UAS) that detect, track, identify, and mitigate unauthorized and hostile drones across critical infrastructure, military installations, borders, and mass-gathering venues. The Company's C-UAS platforms are built on CATE AI, its proprietary fusion engine, which integrates radar, radio frequency, optical, infrared, and satellite inputs. The same AI engine drives products for maritime domain awareness (SeaWatch), wildfire detection (FireWatch), and counter-drone missions (MORPHEUS).

"With Space-Eyes' highly scalable, capital-efficient technology and a team that can secure meaningful contracts, we are well positioned to drive organic and inorganic growth and succeed as a public company," said Peter Wright, CEO of McKinley Acquisition Corp.

Source: McKinley Acquisition Corporation / Space-Eyes, Inc.