Space-Eyes names four expected directors for post-merger board
Space-Eyes said four people are expected to join the combined company’s board after its pending merger with McKinley Acquisition Corp.
Space-Eyes said Aug. 21 that four people are expected to join the board of the combined company after it completes its pending business combination with McKinley Acquisition Corp.
The expected additions are retired U.S. Army Lt. Col. Jim Reese, Wharton professor Harbir Singh, aerospace and defense entrepreneur Norm Christensen and investment banking executive Terry Meguid. Space-Eyes said the appointments are intended to support governance and strategic capabilities as it prepares to operate as a public company.
The company described itself as a provider of AI-driven geospatial intelligence and counter-unmanned aerial systems. It said the incoming directors have experience in military operations, intelligence integration, strategy, innovation, defense manufacturing, supply chains, capital markets, corporate finance, mergers and acquisitions and global business development.
The announcement follows the companies’ previously announced business combination on July 31. Space-Eyes said the deal implies a pro forma equity value of $638 million and an enterprise value of $370 million, assuming no redemptions from McKinley’s trust account and receipt of the initial $5 million PIPE tranche. It said McKinley has about $176.7 million in trust and that the parties have sourced up to $75 million in PIPE financing, subject to the transaction documents.
Space-Eyes said the transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions including regulatory and shareholder approvals. If completed, the combined company is expected to keep the Space-Eyes name and list on Nasdaq under the ticker CUAS, subject to Nasdaq approval.
The release included short biographies of the four expected directors. Space-Eyes said Reese served 25 years in the U.S. Army, including in the 75th Ranger Regiment and the unit commonly known as Delta Force, and later founded TigerSwan. It said Singh is the Mack Professor of Management at Wharton, co-director of the Mack Institute for Innovation Management and faculty director of the Huntsman Program in International Studies and Business.
Space-Eyes said Christensen is the former owner of AAE Aerospace, which it described as a manufacturer of advanced high-temperature composite structures and materials used in missile, interceptor, hypersonic and space applications. It said Meguid was most recently a senior adviser to Perella Weinberg Partners and previously spent 25 years at Morgan Stanley, where he led Worldwide Investment Banking.
The company said a Form S-4 registration statement and proxy statement/prospectus are expected to be filed with the Securities and Exchange Commission. It also said the transaction remains subject to closing steps and approvals before the board changes take effect.
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