McKinley Acquisition Corporation is a newly formed blank check company incorporated on March 27, 2025 and is an exempt company under the laws of the Cayman Islands. Their purpose is to carry out a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more operating businesses. 

Space-Eyes, Inc. has entered into an exclusive option to acquire KMS Solutions, a leading US Navy engineering services provider. The proposed acquisition combines Space-Eyes' AI-driven defense and geospatial technologies with KMS' established Navy engineering expertise, creating a stronger platform for long-term growth across defense markets. The deal expands Space-Eyes' defense capabilities ahead of its planned IPO following a business combination with McKinley Acquisition Corp.

McKinley

Space-Eyes Expands Defense Capabilities with KMS Solutions Acquisition Option

On 30 July 2026, McKinley Acquisition Corporation and Space-Eyes, Inc. executed a business combination agreement, establishing a contractual equity value of $275,000,000 for Space-Eyes. The transaction was formalized with the <a href="https://www.google.com/goto?url=CAESgQEB6zswFfs4CLBqYc9nOOrMi82D8B-0qhJ303u_7ZGhgEWa3pCFKViO9fgUBFvBl63PVzdIaEuok2grzdvZcGhHThNuyrgdhbYE470W0sQg4TnxvlSHx96lpnzcVQw0qDxer8eo8379ipQxvMu9Mvg01BKIvZLBS8t8NpUeD8diuqo">initial registration statement on Form S-4</a> on 12 August 2026. At the time of the agreement, trust capital stood at $176,657,691 as of 31 March 2026 and increased to $178,185,780 by 30 June 2026. Additionally, <a href="https://www.google.com/goto?url=CAESgQEB6zswFfs4CLBqYc9nOOrMi82D8B-0qhJ303u_7ZGhgEWa3pCFKViO9fgUBFvBl63PVzdIaEuok2grzdvZcGhHThNuyrgdhbYE470W0sQg4TnxvlSHx96lpnzcVQw0qDxer8eo8379ipQxvMu9Mvg01BKIvZLBS8t8NpUeD8diuqo">$83,660,130.72 in senior secured convertible</a> note principal was issued for $75,000,000 in cash.The release of funds from the trust account is conditional, requiring the company’s shares to <a href="https://www.google.com/goto?url=CAESgQEB6zswFfs4CLBqYc9nOOrMi82D8B-0qhJ303u_7ZGhgEWa3pCFKViO9fgUBFvBl63PVzdIaEuok2grzdvZcGhHThNuyrgdhbYE470W0sQg4TnxvlSHx96lpnzcVQw0qDxer8eo8379ipQxvMu9Mvg01BKIvZLBS8t8NpUeD8diuqo">trade above $7.00</a> and achieve a daily trading volume exceeding $5,000,000 for 25 consecutive trading days. This structure raises questions about the feasibility of using such conditional capital to support the industrial scale-up and operational demands implied by the valuation.The report analyzing the transaction outlines <a href="https://www.google.com/goto?url=CAESgQEB6zswFfs4CLBqYc9nOOrMi82D8B-0qhJ303u_7ZGhgEWa3pCFKViO9fgUBFvBl63PVzdIaEuok2grzdvZcGhHThNuyrgdhbYE470W0sQg4TnxvlSHx96lpnzcVQw0qDxer8eo8379ipQxvMu9Mvg01BKIvZLBS8t8NpUeD8diuqo">six key areas</a>, including the valuation components, financing mechanisms, governance structures, and regulatory considerations. However, the financial details of the deal remain complex and subject to market performance, with no further specifics disclosed in the provided materials.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1d0cfb9cf3571002.png" alt="Space-Eyes: Financial details of the deal were not disclosed">

Space-Eyes: Financial details of the deal were not disclosed

Space-Eyes has entered a purchase option agreement to acquire KMS Solutions, a provider of Navy engineering and lifecycle support. The deal will create a stronger platform to support long-term growth across defense markets. KMS brings decades of experience supporting U.S. Navy programs, while Space-Eyes' AI-driven technologies complement KMS' engineering and lifecycle support expertise. The combined company will have a recurring services foundation with technology growth potential. Space-Eyes plans to operate as a publicly traded company following its proposed business combination with McKinley Acquisition Corp.

Space-Eyes Acquires KMS Solutions to Boost Defense Capabilities

Space-Eyes, Inc., a provider of AI-driven geospatial intelligence and defense technologies, has entered into a purchase option agreement to acquire KMS Solutions, LLC, a leading U.S. Navy engineering services company, in <a href="https://www.google.com/goto?url=CAESlQIB6zswFcoSBMLqauC7JZxkKahRnITwg9ZMmCP5ZpH_8K72qREiHXv2aO7ZpRMmxWhsDsqMamqrRyDnOrR52qgPREC92MyW2DvCbzZ9oQ9kfvnORh2YlZPmtJfcZgG6UwOBYTUHzvaLwBu94y1bBqxvVfRFMW8ssfzaDBgAMYAdhucboV13gcVkwJn2LlTuSIMVqtzfJ9Gw_LWd3DCe51n55ULvpLaNKjTIeiRY4MNnPmythZWHErk0BgHDYCfoa_ssWiZ3zNke_H9O2ySvpVSohYNZsxh0cKBOd1FB6-D7Vix8g6tNHEA2py--smksU_MiinSnYSDiO4LxP9ZlpaQKQaQrQsG_Jkzb_Bd5xekSS6kb-pZm">a strategic move to expand</a> its defense and maritime capabilities. The agreement grants Space-Eyes the exclusive right to acquire 100% of KMS through December 31, 2026, contingent on <a href="https://www.google.com/goto?url=CAESlQIB6zswFcoSBMLqauC7JZxkKahRnITwg9ZMmCP5ZpH_8K72qREiHXv2aO7ZpRMmxWhsDsqMamqrRyDnOrR52qgPREC92MyW2DvCbzZ9oQ9kfvnORh2YlZPmtJfcZgG6UwOBYTUHzvaLwBu94y1bBqxvVfRFMW8ssfzaDBgAMYAdhucboV13gcVkwJn2LlTuSIMVqtzfJ9Gw_LWd3DCe51n55ULvpLaNKjTIeiRY4MNnPmythZWHErk0BgHDYCfoa_ssWiZ3zNke_H9O2ySvpVSohYNZsxh0cKBOd1FB6-D7Vix8g6tNHEA2py--smksU_MiinSnYSDiO4LxP9ZlpaQKQaQrQsG_Jkzb_Bd5xekSS6kb-pZm">its business combination with McKinley</a> Acquisition Corporation. KMS brings decades of experience supporting U.S. Navy programs, including <a href="https://www.google.com/goto?url=CAESlQIB6zswFcoSBMLqauC7JZxkKahRnITwg9ZMmCP5ZpH_8K72qREiHXv2aO7ZpRMmxWhsDsqMamqrRyDnOrR52qgPREC92MyW2DvCbzZ9oQ9kfvnORh2YlZPmtJfcZgG6UwOBYTUHzvaLwBu94y1bBqxvVfRFMW8ssfzaDBgAMYAdhucboV13gcVkwJn2LlTuSIMVqtzfJ9Gw_LWd3DCe51n55ULvpLaNKjTIeiRY4MNnPmythZWHErk0BgHDYCfoa_ssWiZ3zNke_H9O2ySvpVSohYNZsxh0cKBOd1FB6-D7Vix8g6tNHEA2py--smksU_MiinSnYSDiO4LxP9ZlpaQKQaQrQsG_Jkzb_Bd5xekSS6kb-pZm">deep knowledge of Navy systems</a>, engineering environments, and acquisition processes. The company’s established engineering and lifecycle support services are expected to complement Space-Eyes’ AI and geospatial technologies, creating <a href="https://www.google.com/goto?url=CAESlQIB6zswFcoSBMLqauC7JZxkKahRnITwg9ZMmCP5ZpH_8K72qREiHXv2aO7ZpRMmxWhsDsqMamqrRyDnOrR52qgPREC92MyW2DvCbzZ9oQ9kfvnORh2YlZPmtJfcZgG6UwOBYTUHzvaLwBu94y1bBqxvVfRFMW8ssfzaDBgAMYAdhucboV13gcVkwJn2LlTuSIMVqtzfJ9Gw_LWd3DCe51n55ULvpLaNKjTIeiRY4MNnPmythZWHErk0BgHDYCfoa_ssWiZ3zNke_H9O2ySvpVSohYNZsxh0cKBOd1FB6-D7Vix8g6tNHEA2py--smksU_MiinSnYSDiO4LxP9ZlpaQKQaQrQsG_Jkzb_Bd5xekSS6kb-pZm">a more robust platform</a> for addressing emerging defense and maritime mission requirements.The proposed acquisition aligns with Space-Eyes’ broader strategy to integrate advanced technologies with mission-critical engineering expertise. KMS’ recurring engineering and sustainment work provides a stable foundation for long-term growth, while Space-Eyes’ AI-enabled solutions offer <a href="https://www.google.com/goto?url=CAESlQIB6zswFcoSBMLqauC7JZxkKahRnITwg9ZMmCP5ZpH_8K72qREiHXv2aO7ZpRMmxWhsDsqMamqrRyDnOrR52qgPREC92MyW2DvCbzZ9oQ9kfvnORh2YlZPmtJfcZgG6UwOBYTUHzvaLwBu94y1bBqxvVfRFMW8ssfzaDBgAMYAdhucboV13gcVkwJn2LlTuSIMVqtzfJ9Gw_LWd3DCe51n55ULvpLaNKjTIeiRY4MNnPmythZWHErk0BgHDYCfoa_ssWiZ3zNke_H9O2ySvpVSohYNZsxh0cKBOd1FB6-D7Vix8g6tNHEA2py--smksU_MiinSnYSDiO4LxP9ZlpaQKQaQrQsG_Jkzb_Bd5xekSS6kb-pZm">new opportunities for innovation</a> in areas such as counter-drone operations, maritime monitoring, and force protection.Both companies have already collaborated on a Participant Basic Agreement to join the Next Generation Undersea Security Initiative (NG-USI), a program focused on <a href="https://www.google.com/goto?url=CAESlQIB6zswFcoSBMLqauC7JZxkKahRnITwg9ZMmCP5ZpH_8K72qREiHXv2aO7ZpRMmxWhsDsqMamqrRyDnOrR52qgPREC92MyW2DvCbzZ9oQ9kfvnORh2YlZPmtJfcZgG6UwOBYTUHzvaLwBu94y1bBqxvVfRFMW8ssfzaDBgAMYAdhucboV13gcVkwJn2LlTuSIMVqtzfJ9Gw_LWd3DCe51n55ULvpLaNKjTIeiRY4MNnPmythZWHErk0BgHDYCfoa_ssWiZ3zNke_H9O2ySvpVSohYNZsxh0cKBOd1FB6-D7Vix8g6tNHEA2py--smksU_MiinSnYSDiO4LxP9ZlpaQKQaQrQsG_Jkzb_Bd5xekSS6kb-pZm">enhancing strategic superiority in submersible operations</a>. The combined entity is expected to leverage these synergies to pursue expanded defense contracts and technological advancements.Space-Eyes’ planned business combination with McKinley is expected to close in the fourth quarter of 2026, subject to <a href="https://www.google.com/goto?url=CAESlQIB6zswFcoSBMLqauC7JZxkKahRnITwg9ZMmCP5ZpH_8K72qREiHXv2aO7ZpRMmxWhsDsqMamqrRyDnOrR52qgPREC92MyW2DvCbzZ9oQ9kfvnORh2YlZPmtJfcZgG6UwOBYTUHzvaLwBu94y1bBqxvVfRFMW8ssfzaDBgAMYAdhucboV13gcVkwJn2LlTuSIMVqtzfJ9Gw_LWd3DCe51n55ULvpLaNKjTIeiRY4MNnPmythZWHErk0BgHDYCfoa_ssWiZ3zNke_H9O2ySvpVSohYNZsxh0cKBOd1FB6-D7Vix8g6tNHEA2py--smksU_MiinSnYSDiO4LxP9ZlpaQKQaQrQsG_Jkzb_Bd5xekSS6kb-pZm">regulatory and shareholder approvals</a>. Upon completion, the combined company will trade on Nasdaq under the ticker symbol “CUAS.” <a href="https://www.google.com/goto?url=CAESlQIB6zswFcoSBMLqauC7JZxkKahRnITwg9ZMmCP5ZpH_8K72qREiHXv2aO7ZpRMmxWhsDsqMamqrRyDnOrR52qgPREC92MyW2DvCbzZ9oQ9kfvnORh2YlZPmtJfcZgG6UwOBYTUHzvaLwBu94y1bBqxvVfRFMW8ssfzaDBgAMYAdhucboV13gcVkwJn2LlTuSIMVqtzfJ9Gw_LWd3DCe51n55ULvpLaNKjTIeiRY4MNnPmythZWHErk0BgHDYCfoa_ssWiZ3zNke_H9O2ySvpVSohYNZsxh0cKBOd1FB6-D7Vix8g6tNHEA2py--smksU_MiinSnYSDiO4LxP9ZlpaQKQaQrQsG_Jkzb_Bd5xekSS6kb-pZm">Financial terms were not disclosed</a>.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1d0cfa2a39971001.png" alt="Space-Eyes expands defense and maritime capabilities with exclusive option to acquire KMS Solutions, a leading U.S. Navy engineering services provider">

Space-Eyes expands defense and maritime capabilities with exclusive option to acquire KMS Solutions, a leading U.S. Navy engineering services provider

Eric Trump-backed Space-Eyes to appoint Jim Reese, Harbir Singh, Norm Christensen, and Terry Meguid to its board of directors after a merger with McKinley Acquisition. The move aims to strengthen the company's leadership and strategic direction.

MKLY News