Space-Eyes And McKinley Acquisition Corp. Announce Definitive Business Combination Agreement To Deliver Ai-Driven Counter Drone Technology And Geospatial Intelligence Worldwide
MKLY•Definitive business combination agreement announced
July 31 (Reuters) - McKinley Acquisition Corp MKLY.O:
- Space-Eyes and McKinley Acquisition Corp. announce definitive business combination agreement to deliver AI-driven counter drone technology and geospatial intelligence worldwide
- McKinley Acquisition Corp.: implied Space-Eyes pro forma transaction equity valuation of $638 million
- McKinley Acquisition Corp. - up to $75 million PIPE financing sourced to augment $176.70 million trust capital
- McKinley Acquisition Corp. - Space-Eyes to issue buyers shares equal to 9.9% of McKinley outstanding stock post-merger
- McKinley Acquisition Corp. - combined company to be named Space-Eyes, and expected to trade as CUAS on Nasdaq
Source text: ID:nGNXNkwy9
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