Every material Form 8-K McKinley Acquisition Corp filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
McKinley Acquisition Corp's Class B shareholders appointed Joseph Shaposhnik as an additional independent director on May 14, 2026, and the board named him a Class I director with a term ending at the company's first annual general meeting. He also joined the Audit and Compensation Committees, and will receive interests in the sponsor, McKinley Partners, LLC, for his service.
Appointed May 14, 2026 by holders of Class B ordinary shares as an additional independent director
Serves as Class I Director until the first annual general meeting; joins Audit and Compensation Committees
Founder and Portfolio Manager of Rainwater Equity; previously established TCW Group's New America unit in 2015
Will receive interests in sponsor McKinley Partners, LLC for his director service
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every McKinley Acquisition Corp filing is on SEC EDGAR ↗. 8-K briefs of other companies →