McKinley Acquisition agrees to merge with counter-drone tech firm Space-Eyes in deal valuing it at $638 million

Reuters2026/08/05 20:51

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Space-Eyes entered a definitive business combination agreement with McKinley Acquisition Corp., targeting a fourth-quarter 2026 close.
Deal implies a pro forma equity value of $638 million, assuming no redemptions and a $5 million initial PIPE tranche.
Implied enterprise value set at $370 million, backed by $176.7 million of trust capital.
Up to $75 million PIPE arranged via senior secured convertible notes and warrants; notes carry 10% interest, mature in 2031.
Post-close company to operate as Space-Eyes, with Nasdaq listing planned under ticker CUAS.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mckinley Acquisition Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-085663), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

McKinley Acquisition agrees to merge with counter-drone tech firm Space-Eyes in deal valuing it at $638 million

You may also like

Crypto prices