Miami‑based drone‑technology company Space‑Eyes, which develops AI‑driven geospatial intelligence and counter‑drone systems for government agencies, disclosed new board appointments ahead of its planned public offering.
Board slate bolsters national‑security expertise
The post‑merger board will feature retired U.S. Army Lieutenant Colonel Jim Reese, founder of the security consultancy TigerSwan and former Delta Force operator, and Terry Meguid, who led worldwide investment banking at Morgan Stanley before co‑founding Perella Weinberg Partners. Also joining are Wharton School management professor Harbir Singh and aerospace entrepreneur Norm Christensen, the former owner of AAE Aerospace.
Eric Trump’s role
Eric Trump, the third‑largest investor in Space‑Eyes and a strategic adviser, helped identify potential board candidates but will not serve on the board himself. His investment amount was not disclosed.
SPAC merger and valuation
Space‑Eyes agreed last month to go public in the fourth quarter through a merger with blank‑check company McKinley Acquisition Corp. The transaction values the combined entity at $638 million, assigning an enterprise value of $370 million to the operating business. The deal includes $80 million of potential future shares tied to performance targets and a $12 million tranche of private investment.
Growth outlook
Company executives say the valuation reflects anticipated demand for counter‑drone systems, military‑intelligence software, and autonomous defense technologies rather than current revenue, which they estimate at about $1 million annually. The combined company plans to trade on Nasdaq under the ticker symbol CUAS, pending regulatory and shareholder approvals.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.