McKinley Acquisition Corp. entered into a definitive business combination agreement with Space-Eyes, Inc., on July 30, 2026. The transaction involves McKinley domesticating as a Delaware corporation and merging its subsidiary into Space-Eyes, which will continue as a wholly-owned subsidiary before changing its name to Space-Eyes, Inc. Stockholders of Space-Eyes will receive newly-issued shares valued at an aggregate consideration of $275 million based on a $10.00 per share price, with potential earn-out shares up to 8,000,000. Concurrently, McKinley sourced up to $75 million in PIPE financing through senior secured convertible notes and warrants from JBA Asset Management LLC. The combined company will have an implied pro forma equity valuation of $638 million and is expected to close in the fourth quarter of 2026. Space-Eyes operates in the defense technology sector, providing AI-driven counter-drone systems and geospatial intelligence.