Business
Eric Trump-Backed Defense-Tech Startup Space-Eyes to Go Public Via SPAC
Space-Eyes, a drone-fighting technology firm backed by President Trump’s son Eric, plans to go public via a merger with special-purpose acquisition company McKinley Acquisition.
The company, which offers systems to detect and fight drones and has a geospatial intelligence platform, is expected to list on Nasdaq and trade under the ticker CUAS. The deal, which is expected to close in the fourth quarter of this year, gives Space-Eyes an implied enterprise value of $370 million.
Eric Trump, who is the executive vice president of The Trump Organization, is an investor and strategic advisor for Space-Eyes.
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