What Happened
Defense Technology Company Expands Through Merger
Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp, in a deal valuing the combined business at $638 million. Eric Trump, son of U.S. President Donald Trump, is expected to serve as a strategic adviser to the combined company. Space-Eyes develops artificial intelligence-powered counter-drone and geospatial intelligence technologies for governments and agencies, and plans to scale up its business using third-party manufacturers. The deal is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals, as reported by Reuters.