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AI brief of an SEC Form 8-K · McKinley Acquisition Corp (MKLY)

McKinley Acquisition signs $275 million business combination deal with Space-Eyes

Neutral Impact 5 of 5 m&a Written later

McKinley Acquisition Corp (Nasdaq: MKLY), a special purpose acquisition company, entered into a business combination agreement on July 30, 2026 with Space-Eyes, Inc., a Delaware geospatial intelligence and counter-drone technology company. The combined company would be renamed Space-Eyes, Inc. and is expected to trade as CUAS, with closing targeted for the fourth quarter of 2026 and subject to shareholder and regulatory approvals. The filing also discloses a PIPE financing of up to $75 million in senior secured convertible notes, and the transaction would dilute existing shareholders through issuance of new shares.

Key points

  • Space-Eyes stockholders would receive shares of Domesticated SPAC Common Stock calculated by dividing $275,000,000 by $10.00, plus up to 8,000,000 earn-out shares
  • PIPE financing with JBA Asset Management-managed funds provides up to $75 million, starting with a $5 million initial closing tied to the S-4 filing
  • Notes bear 10% interest, mature in 2031, and carry a $12.00 warrant exercise price; the agreement has an outside date of April 30, 2027

The filing

CompanyMcKinley Acquisition Corp (MKLY)
Form8-K, current report
Filed with the SECAug 5, 2026, 4:05 PM ET
Accession number0001213900-26-085663

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.