{"success":true,"data":{"pressRelease":{"id":"130380","rtpr_id":"nGNE1DLBCl","ticker":"MKLY","exchange":"NASDAQ","all_tickers":["MKLY"],"title":"Space-Eyes Expands Defense and Maritime Capabilities with Exclusive Option to Acquire KMS Solutions, a Leading U.S. Navy Engineering Services Provider","author":"Globe Newswire","published_at":"2026-08-28T13:00:00.300Z","article_body":"Proposed acquisition would combine Space-Eyes’ AI-driven defense and\ngeospatial technologies with KMS Solutions’ established Navy engineering,\nlifecycle support and mission expertise, creating a stronger platform to\nsupport long-term growth across defense markets\n\nPurchase options agreement marks a strategic expansion of Space-Eyes’\ndefense capabilities as it prepares to operate as a publicly traded company\nfollowing the proposed business combination with McKinley Acquisition Corp.\n\nHighlights:\n* Established Navy engineering platform: KMS brings decades of experience\nsupporting U.S. Navy programs, with deep knowledge of Navy systems,\nengineering environments, mission requirements and acquisition processes,\ncapabilities that can help the combined organization identify and pursue\nopportunities where Space-Eyes technologies address validated mission needs.\n* Complementary technology and mission expertise: Space-Eyes’ capabilities\nin AI, geospatial intelligence, sensor integration and counter-drone\ntechnology complement KMS’ engineering and lifecycle-support expertise,\ncreating opportunities to develop and pursue integrated solutions for emerging\ndefense and force-protection requirements.\n* Recurring services foundation with technology growth potential: KMS’\nmulti-year engineering and sustainment work provides an established base of\nmission-critical services and customer relationships. Combined with\nSpace-Eyes’ technology portfolio, the companies believe this foundation can\nsupport new opportunities and broader long-term growth while preserving the\ndisciplined acquisition processes required by U.S. government customers.\nMiami, Florida, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Space-Eyes, Inc.\n(“Space-Eyes”), a provider of next-generation geospatial intelligence and\nAI-enabled technologies for defense, security and enterprise operations\nworldwide, announced today that it has entered into a purchase option\nagreement providing Space-Eyes the exclusive right to acquire 100% of KMS\nSolutions, LLC (“KMS”). Under the terms of the option agreement,\nSpace-Eyes may exercise its option to acquire KMS through December 31, 2026,\nsubject to the completion of its proposed business combination with McKinley\nAcquisition Corporation (Nasdaq: MKLY) (“McKinley”), and the effectiveness\nof the related registration statement.\n\nKMS is an ISO 9001:2015-certified systems engineering services company\nspecializing in Navy in-service and developmental systems, components and\npayloads and providing cradle-to-grave engineering and lifecycle support for\nthe U.S. Navy.\n\n“Space-Eyes has spent several years building an AI-driven technology\nplatform designed to help customers detect, understand and respond to\nincreasingly complex threats,” said Capt. Jatin Bains, CEO and founder of\nSpace-Eyes. “KMS would add highly complementary capabilities: decades of\nNavy engineering experience, mission knowledge and lifecycle-support\nexpertise. We believe the combination with KMS will create a stronger defense\ntechnology platform bringing together innovative software and AI capabilities\nwith the engineering discipline and operational understanding required to\naddress real-world defense requirements. Importantly, KMS will give us\nexperienced people who understand the Navy environment and can help us\nidentify where our technologies may solve genuine mission problems and how\nthose opportunities should appropriately be pursued.”\n\n“KMS has built its reputation by understanding our customers’ missions and\ndelivering engineering solutions with consistency, technical rigor and\nintegrity,” said JP Heatherington, Chief Executive Officer of KMS. “We see\nconsiderable potential in combining that experience with Space-Eyes’\nemerging technology capabilities. The opportunity is not about circumventing\nestablished acquisition processes; it is about bringing together complementary\ncapabilities that can help us identify and solve increasingly complex mission\nchallenges for our customers.”\n\nThe proposed acquisition represents a strategic expansion of Space-Eyes’\ndefense capabilities. KMS contributes an established engineering organization,\nexperienced technical personnel, Navy mission knowledge and recurring\nengineering and sustainment activities. Space-Eyes contributes an expanding\nportfolio of AI-enabled geospatial, sensor-fusion and counter-drone\ntechnologies.\n\nTogether, the companies believe these capabilities can create a broader\nplatform from which to pursue opportunities across maritime awareness, force\nprotection and other defense missions while continuing to support KMS’\nexisting customers and contractual commitments. Both companies have already\nsuccessfully teamed up for selection to receive a Participant Basic Agreement\n(PBA) to be included as a participant within the Next Generation Undersea\nSecurity Initiative (NG-USI) consortium. Strategic Systems Program (SSP) has\nannounced that the NG-USI shall rapidly and efficiently carry out the\ndevelopment of prototype solutions that sustain and expand strategic\nsuperiority within broadly stated submersible operations focus areas of\ninterest.\n\nFinancial details were not disclosed. KMS will continue to operate its\nbusiness in the ordinary course while the parties evaluate and, if applicable,\npursue the transaction. The option agreement is tied to the completion of\nSpace-Eyes’ planned business combination with McKinley and the execution of\na definitive acquisition agreement and other mutually satisfactory\ndocumentation with terms and conditions customary for acquisitions of this\nkind.\n\nSpace-Eyes delivers AI-powered, sensor-agnostic counter-drone solutions that\ndetect, track, identify, and mitigate unauthorized drones across military,\ngovernment, and critical infrastructure environments. Built on its proprietary\nCATE AI platform, the company integrates radar, RF, EO/IR, and satellite data\ninto a unified operational picture while leveraging customers' existing sensor\nnetworks.\n\nThe same AI platform powers Space-Eyes' broader geospatial intelligence\nofferings, providing real-time awareness across land, sea, and air. With\napplications spanning counter-drone operations, maritime monitoring, wildfire\ndetection, and satellite command and control, Space-Eyes is expanding into\nlarger-scale production programs and growing its presence with government and\nenterprise customers.\n\nOn July 30, 2026, Space-Eyes and McKinley entered into a definitive business\ncombination agreement. The proposed transaction was unanimously approved by\nthe boards of directors of both Space-Eyes and McKinley and is expected to\nclose in the fourth quarter of 2026, subject to customary closing conditions,\nincluding regulatory and shareholder approval. Upon closing, the combined\ncompany will be named Space-Eyes, Inc., and its common stock is expected to be\nlisted on The Nasdaq Stock Market LLC (“Nasdaq”) and trade under the\nticker symbol “CUAS”, subject to approval by Nasdaq.\n\nAbout Space-Eyes\n \nSpace-Eyes is a U.S. geospatial intelligence and technology company delivering\nspace-driven awareness for high-stakes environments through advanced analytics\nand multi-sensor integration. The company develops data-driven systems that\nprioritize accuracy, integrity, and operational usefulness to support\ndecision-makers. Its work spans maritime operations, disaster monitoring, and\ndefense and security missions. With continued investment in analytics, sensor\nfusion, and space-layer infrastructure, Space-Eyes is building intelligence\nsystems designed for scale, reliability, and mission impact.\n\nAbout KMS\n\nKMS Solutions, LLC, founded in 2005, is a premier systems engineering services\ncompany specializing in Navy in-service and developmental systems, components\nand payloads. KMS provides cradle-to-grave engineering and lifecycle support\nfor the nation’s submarine force. www.kmssol.com \n\nAbout McKinley\n\nMcKinley Acquisition Corporation is a special purpose acquisition company\nincorporated as a Cayman Islands exempted company and formed for the purpose\nof effecting a merger, amalgamation, share exchange, asset acquisition, share\npurchase, reorganization or similar business combination with one or more\nbusinesses.\n\nCautionary Statement Regarding Forward-Looking Information\n\nCertain statements made herein are not historical facts but may be considered\n“forward-looking statements” within the meaning of Section 27A of the\nSecurities Act of 1933 (the “Securities Act”) and Section 21E of the\nSecurities Exchange Act of 1934. Forward-looking statements generally are\naccompanied by words such as “believe,” “may,” “will,”\n“estimate,” “continue,” “anticipate,” “intend,” “expect,”\n“should,” “would,” “plan,” “predict,” “potential,”\n“seem,” “seek,” “future,” “outlook” or the negatives of these\nterms or variations of them or similar terminology or expressions that predict\nor indicate future events or trends or that are not statements of historical\nmatters. These forward-looking statements include, but are not limited to,\nstatements regarding future events, the proposed business combination between\nMcKinley and Space-Eyes, the estimated or anticipated future results and\nbenefits of the combined company following the business combination, including\nthe likelihood and ability of the parties to successfully consummate the\nbusiness combination, future opportunities for the combined company and other\nstatements that are not historical facts.\n\nThese statements are based on the current expectations of McKinley and/or\nSpace-Eyes’ management and are not predictions of actual performance. These\nforward-looking statements are provided for illustrative purposes only and are\nnot intended to serve as, and must not be relied on, by any investor as a\nguarantee, an assurance, a prediction or a definitive statement of fact or\nprobability. Actual events and circumstances are difficult or impossible to\npredict and will differ from assumptions. Many actual events and circumstances\nare beyond the control of McKinley and Space-Eyes. These statements are\nsubject to a number of risks and uncertainties regarding Space-Eyes’\nbusiness and the business combination, and actual results may differ\nmaterially. These risks and uncertainties include, but are not limited to:\ngeneral economic, political and business conditions; the inability of the\nparties to consummate the business combination or the occurrence of any event,\nchange or other circumstances that could give rise to the termination of the\nbusiness combination agreement; the number of redemption requests made by\nMcKinley’s shareholders in connection with the business combination; the\noutcome of any legal proceedings that may be instituted against the parties\nfollowing the announcement of the business combination; the risk that the\napproval of the shareholders of Space-Eyes or McKinley for the potential\ntransaction is not obtained; failure to realize the anticipated benefits of\nthe business combination, including as a result of a delay in consummating the\npotential transaction; the risk that the business combination disrupts current\nplans and operations as a result of the announcement and consummation of the\nbusiness combination; the risks related to the rollout of Space-Eyes’\nbusiness and the timing of expected business milestones; the effects of\ncompetition on Space-Eyes’ business; the ability of the combined company to\nexecute its growth strategy, manage growth profitably and retain its key\nemployees; the ability of the combined company to obtain or maintain the\nlisting of its securities on a U.S. national securities exchange following the\nbusiness combination; costs related to the business combination; and other\nrisks that will be detailed from time to time in filings with the  U.S.\nSecurities and Exchange Commission (the \"SEC\"). The foregoing list of risk\nfactors is not exhaustive. There may be additional risks that Space-Eyes and\nMcKinley presently do not know or that Space-Eyes and McKinley currently\nbelieve are immaterial that could also cause actual results to differ from\nthose contained in forward-looking statements. In addition, forward-looking\nstatements provide Space-Eyes’ and/or McKinley’s expectations, plans or\nforecasts of future events and views as of the date of this communication.\nSpace-Eyes and McKinley anticipate that subsequent events and developments\nwill cause their assessments to change. However, while Space-Eyes and/or\nMcKinley may elect to update these forward-looking statements in the future,\nSpace-Eyes and McKinley specifically disclaim any obligation to do so. These\nforward-looking statements should not be relied upon as representing\nSpace-Eyes’ or McKinley’s assessments as of any date subsequent to the\ndate of this communication. Accordingly, undue reliance should not be placed\nupon the forward-looking statements. Nothing herein should be regarded as a\nrepresentation by any person that the forward-looking statements set forth\nherein will be achieved or results of such forward-looking statements will be\nachieved.\n\nAdditional Information and Where to Find It\n\nIn connection with the proposed business combination, McKinley and Space-Eyes\nhave prepared and filed with the SEC a registration statement on Form S-4 (the\nRegistration Statement”), which includes a preliminary proxy\nstatement/prospectus. When available, McKinley will mail a definitive proxy\nstatement/prospectus and other relevant documents to its shareholders. This\ncommunication is not a substitute for the Registration Statement, the proxy\nstatement/prospectus or any other document that McKinley or Space-Eyes may\nfile with the SEC or send to shareholders in connection with the proposed\nbusiness combination. Investors and security holders will be able to obtain\nfree copies of these documents through the SEC website at www.sec.gov. Copies\nmay also be obtained by directing a written request to McKinley Acquisition\nCorp., 75 Second Ave., Suite 605, Needham, MA 02494.\n\nINVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ, WHEN AVAILABLE, THE\nREGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT\nDOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY\nBECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE\nBUSINESS COMBINATION AND THE PARTIES TO THE BUSINESS COMBINATION. Investors\nand security holders will be able to obtain copies of these documents (if and\nwhen available) and other documents filed with the SEC free of charge at\nwww.sec.gov. The definitive proxy statement/final prospectus (if and when\navailable) will be mailed to shareholders of McKinley as of a record date to\nbe established for voting on the business combination. Shareholders of\nMcKinley will also be able to obtain copies of the proxy statement/prospectus\nwithout charge, once available, at the SEC’s website at www.sec.gov \n\nParticipants in the Solicitation\n\nMcKinley and its directors, executive officers, and other members of\nmanagement, and consultants may, under SEC rules, be deemed to be participants\nin the solicitation of proxies from McKinley’s shareholders with respect to\nthe business combination. A list of the names of those directors and executive\nofficers and a description of their interests in McKinley is contained in the\nsections entitled “Security Ownership of Certain Beneficial Owners and\nManagement and Related Shareholder Matters” and “Directors, Executive\nOfficers and Corporate Governance” of McKinley’s Annual Report on Form\n10-K for the fiscal year ended December 31, 2025, filed with the SEC on\nFebruary 27, 2026, and which is available free of charge at the SEC’s\nwebsite at www.sec.gov. Additional information regarding the interests of such\nparticipants are contained in the Registration Statement.\n\nSpace-Eyes, its directors, executive officers, other members of management,\nand employees, under SEC rules, may be deemed participants in the solicitation\nof proxies of McKinley’s shareholders in connection with the business\ncombination. A list of the names of such directors and executive officers and\ninformation regarding their interests in the business combination are included\nin the Registration Statement.\n\nNo Offer or Solicitation\n\nThis communication is for informational purposes only and is not (i) an offer\nto purchase, nor a solicitation of an offer to sell, subscribe for or buy any\nsecurities, nor shall there be any sale, issuance or transfer of securities in\nany jurisdiction in contravention of applicable law nor (ii) the solicitation\nof any vote in any jurisdiction pursuant to the business combination or\notherwise. No offer of securities shall be made except by means of a\nprospectus meeting the requirements of Section 10 of the Securities Act. No\nsecurities commission or securities regulatory authority in the United States\nor any other jurisdiction has in any way passed upon the merits of the\nbusiness combination or the accuracy or adequacy of this communication.\nINVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC\nOR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR\nENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE\nINFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL\nOFFENSE.\n\nInvestor & Media Contact:\nAlpha IR Group/ Alpha Advisory Group\nCUAS@alpha-ir.com","article_body_html":"","raw_payload":{"data":{"id":"nGNE1DLBCl","title":"Space-Eyes Expands Defense and Maritime Capabilities with Exclusive Option to Acquire KMS Solutions, a Leading U.S. Navy Engineering Services Provider","author":"Globe Newswire","ticker":"MKLY","created":"2026-08-28T13:00:00.300Z","tickers":["MKLY"],"exchange":"NASDAQ","article_body":"Proposed acquisition would combine Space-Eyes’ AI-driven defense and\ngeospatial technologies with KMS Solutions’ established Navy engineering,\nlifecycle support and mission expertise, creating a stronger platform to\nsupport long-term growth across defense markets\n\nPurchase options agreement marks a strategic expansion of Space-Eyes’\ndefense capabilities as it prepares to operate as a publicly traded company\nfollowing the proposed business combination with McKinley Acquisition Corp.\n\nHighlights:\n* Established Navy engineering platform: KMS brings decades of experience\nsupporting U.S. Navy programs, with deep knowledge of Navy systems,\nengineering environments, mission requirements and acquisition processes,\ncapabilities that can help the combined organization identify and pursue\nopportunities where Space-Eyes technologies address validated mission needs.\n* Complementary technology and mission expertise: Space-Eyes’ capabilities\nin AI, geospatial intelligence, sensor integration and counter-drone\ntechnology complement KMS’ engineering and lifecycle-support expertise,\ncreating opportunities to develop and pursue integrated solutions for emerging\ndefense and force-protection requirements.\n* Recurring services foundation with technology growth potential: KMS’\nmulti-year engineering and sustainment work provides an established base of\nmission-critical services and customer relationships. Combined with\nSpace-Eyes’ technology portfolio, the companies believe this foundation can\nsupport new opportunities and broader long-term growth while preserving the\ndisciplined acquisition processes required by U.S. government customers.\nMiami, Florida, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Space-Eyes, Inc.\n(“Space-Eyes”), a provider of next-generation geospatial intelligence and\nAI-enabled technologies for defense, security and enterprise operations\nworldwide, announced today that it has entered into a purchase option\nagreement providing Space-Eyes the exclusive right to acquire 100% of KMS\nSolutions, LLC (“KMS”). Under the terms of the option agreement,\nSpace-Eyes may exercise its option to acquire KMS through December 31, 2026,\nsubject to the completion of its proposed business combination with McKinley\nAcquisition Corporation (Nasdaq: MKLY) (“McKinley”), and the effectiveness\nof the related registration statement.\n\nKMS is an ISO 9001:2015-certified systems engineering services company\nspecializing in Navy in-service and developmental systems, components and\npayloads and providing cradle-to-grave engineering and lifecycle support for\nthe U.S. Navy.\n\n“Space-Eyes has spent several years building an AI-driven technology\nplatform designed to help customers detect, understand and respond to\nincreasingly complex threats,” said Capt. Jatin Bains, CEO and founder of\nSpace-Eyes. “KMS would add highly complementary capabilities: decades of\nNavy engineering experience, mission knowledge and lifecycle-support\nexpertise. We believe the combination with KMS will create a stronger defense\ntechnology platform bringing together innovative software and AI capabilities\nwith the engineering discipline and operational understanding required to\naddress real-world defense requirements. Importantly, KMS will give us\nexperienced people who understand the Navy environment and can help us\nidentify where our technologies may solve genuine mission problems and how\nthose opportunities should appropriately be pursued.”\n\n“KMS has built its reputation by understanding our customers’ missions and\ndelivering engineering solutions with consistency, technical rigor and\nintegrity,” said JP Heatherington, Chief Executive Officer of KMS. “We see\nconsiderable potential in combining that experience with Space-Eyes’\nemerging technology capabilities. The opportunity is not about circumventing\nestablished acquisition processes; it is about bringing together complementary\ncapabilities that can help us identify and solve increasingly complex mission\nchallenges for our customers.”\n\nThe proposed acquisition represents a strategic expansion of Space-Eyes’\ndefense capabilities. KMS contributes an established engineering organization,\nexperienced technical personnel, Navy mission knowledge and recurring\nengineering and sustainment activities. Space-Eyes contributes an expanding\nportfolio of AI-enabled geospatial, sensor-fusion and counter-drone\ntechnologies.\n\nTogether, the companies believe these capabilities can create a broader\nplatform from which to pursue opportunities across maritime awareness, force\nprotection and other defense missions while continuing to support KMS’\nexisting customers and contractual commitments. Both companies have already\nsuccessfully teamed up for selection to receive a Participant Basic Agreement\n(PBA) to be included as a participant within the Next Generation Undersea\nSecurity Initiative (NG-USI) consortium. Strategic Systems Program (SSP) has\nannounced that the NG-USI shall rapidly and efficiently carry out the\ndevelopment of prototype solutions that sustain and expand strategic\nsuperiority within broadly stated submersible operations focus areas of\ninterest.\n\nFinancial details were not disclosed. KMS will continue to operate its\nbusiness in the ordinary course while the parties evaluate and, if applicable,\npursue the transaction. The option agreement is tied to the completion of\nSpace-Eyes’ planned business combination with McKinley and the execution of\na definitive acquisition agreement and other mutually satisfactory\ndocumentation with terms and conditions customary for acquisitions of this\nkind.\n\nSpace-Eyes delivers AI-powered, sensor-agnostic counter-drone solutions that\ndetect, track, identify, and mitigate unauthorized drones across military,\ngovernment, and critical infrastructure environments. Built on its proprietary\nCATE AI platform, the company integrates radar, RF, EO/IR, and satellite data\ninto a unified operational picture while leveraging customers' existing sensor\nnetworks.\n\nThe same AI platform powers Space-Eyes' broader geospatial intelligence\nofferings, providing real-time awareness across land, sea, and air. With\napplications spanning counter-drone operations, maritime monitoring, wildfire\ndetection, and satellite command and control, Space-Eyes is expanding into\nlarger-scale production programs and growing its presence with government and\nenterprise customers.\n\nOn July 30, 2026, Space-Eyes and McKinley entered into a definitive business\ncombination agreement. The proposed transaction was unanimously approved by\nthe boards of directors of both Space-Eyes and McKinley and is expected to\nclose in the fourth quarter of 2026, subject to customary closing conditions,\nincluding regulatory and shareholder approval. Upon closing, the combined\ncompany will be named Space-Eyes, Inc., and its common stock is expected to be\nlisted on The Nasdaq Stock Market LLC (“Nasdaq”) and trade under the\nticker symbol “CUAS”, subject to approval by Nasdaq.\n\nAbout Space-Eyes\n \nSpace-Eyes is a U.S. geospatial intelligence and technology company delivering\nspace-driven awareness for high-stakes environments through advanced analytics\nand multi-sensor integration. The company develops data-driven systems that\nprioritize accuracy, integrity, and operational usefulness to support\ndecision-makers. Its work spans maritime operations, disaster monitoring, and\ndefense and security missions. With continued investment in analytics, sensor\nfusion, and space-layer infrastructure, Space-Eyes is building intelligence\nsystems designed for scale, reliability, and mission impact.\n\nAbout KMS\n\nKMS Solutions, LLC, founded in 2005, is a premier systems engineering services\ncompany specializing in Navy in-service and developmental systems, components\nand payloads. KMS provides cradle-to-grave engineering and lifecycle support\nfor the nation’s submarine force. www.kmssol.com \n\nAbout McKinley\n\nMcKinley Acquisition Corporation is a special purpose acquisition company\nincorporated as a Cayman Islands exempted company and formed for the purpose\nof effecting a merger, amalgamation, share exchange, asset acquisition, share\npurchase, reorganization or similar business combination with one or more\nbusinesses.\n\nCautionary Statement Regarding Forward-Looking Information\n\nCertain statements made herein are not historical facts but may be considered\n“forward-looking statements” within the meaning of Section 27A of the\nSecurities Act of 1933 (the “Securities Act”) and Section 21E of the\nSecurities Exchange Act of 1934. Forward-looking statements generally are\naccompanied by words such as “believe,” “may,” “will,”\n“estimate,” “continue,” “anticipate,” “intend,” “expect,”\n“should,” “would,” “plan,” “predict,” “potential,”\n“seem,” “seek,” “future,” “outlook” or the negatives of these\nterms or variations of them or similar terminology or expressions that predict\nor indicate future events or trends or that are not statements of historical\nmatters. These forward-looking statements include, but are not limited to,\nstatements regarding future events, the proposed business combination between\nMcKinley and Space-Eyes, the estimated or anticipated future results and\nbenefits of the combined company following the business combination, including\nthe likelihood and ability of the parties to successfully consummate the\nbusiness combination, future opportunities for the combined company and other\nstatements that are not historical facts.\n\nThese statements are based on the current expectations of McKinley and/or\nSpace-Eyes’ management and are not predictions of actual performance. These\nforward-looking statements are provided for illustrative purposes only and are\nnot intended to serve as, and must not be relied on, by any investor as a\nguarantee, an assurance, a prediction or a definitive statement of fact or\nprobability. Actual events and circumstances are difficult or impossible to\npredict and will differ from assumptions. Many actual events and circumstances\nare beyond the control of McKinley and Space-Eyes. These statements are\nsubject to a number of risks and uncertainties regarding Space-Eyes’\nbusiness and the business combination, and actual results may differ\nmaterially. These risks and uncertainties include, but are not limited to:\ngeneral economic, political and business conditions; the inability of the\nparties to consummate the business combination or the occurrence of any event,\nchange or other circumstances that could give rise to the termination of the\nbusiness combination agreement; the number of redemption requests made by\nMcKinley’s shareholders in connection with the business combination; the\noutcome of any legal proceedings that may be instituted against the parties\nfollowing the announcement of the business combination; the risk that the\napproval of the shareholders of Space-Eyes or McKinley for the potential\ntransaction is not obtained; failure to realize the anticipated benefits of\nthe business combination, including as a result of a delay in consummating the\npotential transaction; the risk that the business combination disrupts current\nplans and operations as a result of the announcement and consummation of the\nbusiness combination; the risks related to the rollout of Space-Eyes’\nbusiness and the timing of expected business milestones; the effects of\ncompetition on Space-Eyes’ business; the ability of the combined company to\nexecute its growth strategy, manage growth profitably and retain its key\nemployees; the ability of the combined company to obtain or maintain the\nlisting of its securities on a U.S. national securities exchange following the\nbusiness combination; costs related to the business combination; and other\nrisks that will be detailed from time to time in filings with the  U.S.\nSecurities and Exchange Commission (the \"SEC\"). The foregoing list of risk\nfactors is not exhaustive. There may be additional risks that Space-Eyes and\nMcKinley presently do not know or that Space-Eyes and McKinley currently\nbelieve are immaterial that could also cause actual results to differ from\nthose contained in forward-looking statements. In addition, forward-looking\nstatements provide Space-Eyes’ and/or McKinley’s expectations, plans or\nforecasts of future events and views as of the date of this communication.\nSpace-Eyes and McKinley anticipate that subsequent events and developments\nwill cause their assessments to change. However, while Space-Eyes and/or\nMcKinley may elect to update these forward-looking statements in the future,\nSpace-Eyes and McKinley specifically disclaim any obligation to do so. These\nforward-looking statements should not be relied upon as representing\nSpace-Eyes’ or McKinley’s assessments as of any date subsequent to the\ndate of this communication. Accordingly, undue reliance should not be placed\nupon the forward-looking statements. Nothing herein should be regarded as a\nrepresentation by any person that the forward-looking statements set forth\nherein will be achieved or results of such forward-looking statements will be\nachieved.\n\nAdditional Information and Where to Find It\n\nIn connection with the proposed business combination, McKinley and Space-Eyes\nhave prepared and filed with the SEC a registration statement on Form S-4 (the\nRegistration Statement”), which includes a preliminary proxy\nstatement/prospectus. When available, McKinley will mail a definitive proxy\nstatement/prospectus and other relevant documents to its shareholders. This\ncommunication is not a substitute for the Registration Statement, the proxy\nstatement/prospectus or any other document that McKinley or Space-Eyes may\nfile with the SEC or send to shareholders in connection with the proposed\nbusiness combination. Investors and security holders will be able to obtain\nfree copies of these documents through the SEC website at www.sec.gov. Copies\nmay also be obtained by directing a written request to McKinley Acquisition\nCorp., 75 Second Ave., Suite 605, Needham, MA 02494.\n\nINVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ, WHEN AVAILABLE, THE\nREGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT\nDOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY\nBECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE\nBUSINESS COMBINATION AND THE PARTIES TO THE BUSINESS COMBINATION. Investors\nand security holders will be able to obtain copies of these documents (if and\nwhen available) and other documents filed with the SEC free of charge at\nwww.sec.gov. The definitive proxy statement/final prospectus (if and when\navailable) will be mailed to shareholders of McKinley as of a record date to\nbe established for voting on the business combination. Shareholders of\nMcKinley will also be able to obtain copies of the proxy statement/prospectus\nwithout charge, once available, at the SEC’s website at www.sec.gov \n\nParticipants in the Solicitation\n\nMcKinley and its directors, executive officers, and other members of\nmanagement, and consultants may, under SEC rules, be deemed to be participants\nin the solicitation of proxies from McKinley’s shareholders with respect to\nthe business combination. A list of the names of those directors and executive\nofficers and a description of their interests in McKinley is contained in the\nsections entitled “Security Ownership of Certain Beneficial Owners and\nManagement and Related Shareholder Matters” and “Directors, Executive\nOfficers and Corporate Governance” of McKinley’s Annual Report on Form\n10-K for the fiscal year ended December 31, 2025, filed with the SEC on\nFebruary 27, 2026, and which is available free of charge at the SEC’s\nwebsite at www.sec.gov. Additional information regarding the interests of such\nparticipants are contained in the Registration Statement.\n\nSpace-Eyes, its directors, executive officers, other members of management,\nand employees, under SEC rules, may be deemed participants in the solicitation\nof proxies of McKinley’s shareholders in connection with the business\ncombination. A list of the names of such directors and executive officers and\ninformation regarding their interests in the business combination are included\nin the Registration Statement.\n\nNo Offer or Solicitation\n\nThis communication is for informational purposes only and is not (i) an offer\nto purchase, nor a solicitation of an offer to sell, subscribe for or buy any\nsecurities, nor shall there be any sale, issuance or transfer of securities in\nany jurisdiction in contravention of applicable law nor (ii) the solicitation\nof any vote in any jurisdiction pursuant to the business combination or\notherwise. No offer of securities shall be made except by means of a\nprospectus meeting the requirements of Section 10 of the Securities Act. No\nsecurities commission or securities regulatory authority in the United States\nor any other jurisdiction has in any way passed upon the merits of the\nbusiness combination or the accuracy or adequacy of this communication.\nINVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC\nOR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR\nENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE\nINFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL\nOFFENSE.\n\nInvestor & Media Contact:\nAlpha IR Group/ Alpha Advisory Group\nCUAS@alpha-ir.com"},"type":"article","timestamp":"2026-08-28T13:00:00.457573175Z","server_sent_at_ms":1787922000457},"received_at":"2026-08-28T13:00:00.524Z","source_url":null},"analysis":{"id":"119291","press_release_id":"130380","analysis_json":{"industry":null,"redFlags":["Financial details of the acquisition option were not disclosed","Transaction is contingent on the closing of the McKinley (MKLY) business combination"],"eventType":"m_and_a","narrative":"Space-Eyes, which is set to merge with McKinley Acquisition Corp (MKLY), secured an exclusive option to acquire KMS Solutions, a provider of engineering services to the U.S. Navy.\n\nThe move combines Space-Eyes’ AI and geospatial technologies with KMS’s lifecycle support and domain expertise to create a broader defense and maritime platform.\n\nThe option is exercisable through December 31, 2026, and is contingent upon the successful closing of the Space-Eyes and McKinley business combination in the fourth quarter of 2026.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Pre-close SPAC target Space-Eyes expands defense footprint with exclusive option to buy Navy engineer KMS."},"keyFigures":null,"quotedText":"KMS would add highly complementary capabilities: decades of Navy engineering experience, mission knowledge and lifecycle-support expertise.","namedEntities":{"people":[{"name":"Capt. Jatin Bains","role":"CEO and founder of Space-Eyes"},{"name":"JP Heatherington","role":"Chief Executive Officer of KMS"}],"products":["CATE AI platform","Next Generation Undersea Security Initiative (NG-USI)"],"companies":[{"name":"Space-Eyes, Inc.","relationship":"SPAC target"},{"name":"McKinley Acquisition Corporation","ticker":"MKLY","relationship":"SPAC / FILER"},{"name":"KMS Solutions, LLC","relationship":"Acquisition target"},{"name":"Strategic Systems Program","relationship":"Government entity"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"The exclusive option to acquire KMS Solutions strengthens the value proposition of the pending SPAC business combination by adding established Navy engineering revenue streams. However, financial terms were not disclosed, and the transaction is contingent on the closing of the McKinley (MKLY) and Space-Eyes merger."},"tickerRelevance":{"others":[{"ticker":"CUAS","relevance":"future ticker symbol of combined company"}],"primary":"MKLY"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap-spac","eventGravity":"acquisition-option","sectorWeight":"defense","termsUndisclosed":true}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Space-Eyes, which is set to merge with McKinley Acquisition Corp (MKLY), secured an exclusive option to acquire KMS Solutions, a provider of engineering services to the U.S. Navy.\n\nThe move combines Space-Eyes’ AI and geospatial technologies with KMS’s lifecycle support and domain expertise to create a broader defense and maritime platform.\n\nThe option is exercisable through December 31, 2026, and is contingent upon the successful closing of the Space-Eyes and McKinley business combination in the fourth quarter of 2026.","key_figures":null,"named_entities":{"people":[{"name":"Capt. Jatin Bains","role":"CEO and founder of Space-Eyes"},{"name":"JP Heatherington","role":"Chief Executive Officer of KMS"}],"products":["CATE AI platform","Next Generation Undersea Security Initiative (NG-USI)"],"companies":[{"name":"Space-Eyes, Inc.","relationship":"SPAC target"},{"name":"McKinley Acquisition Corporation","ticker":"MKLY","relationship":"SPAC / FILER"},{"name":"KMS Solutions, LLC","relationship":"Acquisition target"},{"name":"Strategic Systems Program","relationship":"Government entity"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-28T13:03:10.291Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap-spac","eventGravity":"acquisition-option","sectorWeight":"defense","termsUndisclosed":true}},"durationMs":97353,"modelName":"glm-4.7"}}