Space-Eyes to Go Public via SPAC Merger with McKinley Acquisition
Space-Eyes, a US defense technology firm, will merge with McKinley Acquisition, achieving a valuation of $638 million. The company focuses on AI-based drone defense and geospatial technologies for government use.
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Space-Eyes is set to launch on the Nasdaq under the ticker 'CUAS' through a merger with McKinley Acquisition, with a valuation of $638 million. Currently generating approximately $1 million in annual revenue, the company plans to expand by outsourcing production and is negotiating contracts to facilitate this growth.
Notably, Eric Trump is reported as the third-largest private investor and will serve as a strategic advisor, particularly concerning drone security threats. Applications for Space-Eyes' technologies include anti-drug trafficking surveillance in the Caribbean and defense purposes in the Middle East.
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