There’s a new counter-unmanned aerial systems company coming soon to Wall Street.
What’s happening:
- Space-Eyes has entered into a business combination with McKinley Acquisition Corp (NASDAQ: MKLY) to become a publicly traded company on the Nasdaq
By the numbers:
- The new SPAC transaction values Space-Eyes at roughly $638M USD
Why it matters:
- Space-Eyes builds advanced analytics and data systems for geospatial intelligence and counter-unmanned aerial systems which are used for maritime vessel tracking and drone detection
Going deeper:
- Space-Eyes has publicly stated they have entered into an agreement with investors to raise up to $75M USD in a secured convertible note financing round concurrently with their business combination with McKinley Acquisition Corp
- Eric Trump is an investor and strategic advisor to Space-Eyes
The fine print:
- Space-Eyes has not publicly disclosed which military customers or government agencies they currently work with or the value of any of their existing contracts
