MKLY
S-4 filedDeal announcedLife supportMcKinley Acquisition Corporation
Merging with Space-Eyes, Inc.
1/10 of a right per unit. 10 units = 1 listed right. *R trades whole.
Deal announced 2026-08-05
Pulse
74
↑Life-support risk
0–100 vitality — and a read on how the book feels about this shell.
% done
30%
Path to close
Price
$10.23
Mkt 248.92M
What is Pulse?
SPAC Pulse measures the current vitality of a deal on a 0–100 scale. A new IPO starts near 50 — a healthy heart with room both ways. It is not weakening just because nothing has printed yet. Weakening is a tag for a slowing beat (stalling cadence), not a quiet shell. 10-Q / 10-K on time is a good beat; an NT is a deficiency. File the report late, then file the NT late, and Pulse falls — that is how public investors read whether management is on top of the shell. Filing recovers some of it. It never pretends the miss did not happen. When other new IPOs file that window on time, they are no longer equal — those shells are healthier. High readings mean the deal book is accelerating; low readings flag life-support risk. Full methodology lives on the desk.
Rate + Lead II · 25 mm/s
Pulse Timeline
Top trace is the Pulse rate. Bottom is the filing lead — R-wave when the rate lifts, QS when it slows. Height is the change.
- 02-27 10-K
- 05-15 10-Q
- 08-05 Deal announced
- 08-12 S-4
- 08-14 10-Q
- 10-07 Now
Auto interpretation · Lead II printoutLife supportPulse 74
QRS is weak or missing. Cadence stalled, cash is thin, or the book went quiet.
Silent 56dBeats/90d 1Recent gap —
Marks on this strip
- 09-2351 ↓110-Q. Periodic report. Pulse -1 — calendar, not the S-4.
- 11-1350 ↓110-Q. Periodic report. Pulse -1 — calendar, not the S-4.
- 02-2749 ↓110-K. Periodic report. Pulse -1 — calendar, not the S-4.
- 05-1548 ↓110-Q. Periodic report. Pulse -1 — calendar, not the S-4.
- 08-0563 ↑15Deal announced. Contract signed. Close-path clock starts. +15
- 08-1275 ↑12S-4. Book opened. Amendment velocity starts here. +12
- 08-1479 ↑410-Q. Periodic report on time. +4
- 10-0774 ↓5Now. No S-4/F-4 beat in 56 days. 56d since the last beat. -5
Impression: last filing printed 79. Live Pulse is 74. No S-4/F-4 beat in 56 days. 56d since the last beat. -5
- · No S-4/F-4 beat in 56 days.
- · Long silence after a registration statement — cadence looks like life support.
Unconfirmed machine read · not medical advice · not financial advice
Skin in the game
medium
Target
early
Historical context
S-4 on file in the archive
Precedent from 27 names in the Pulse archive (closed, liquidated, and broken deals). Archive base rate is one input; live beat speed then moves Pulse. Not a forecast.
- Close rate
- 100%
- Median days left
- 105
- Archive n
- 27
Status
S-4 Filed
Exchange
Nasdaq
Rights
1/10
Warrants
No
CIK
0002067592
IPO date
2025-08-12
Market cap
248.92M
Days to deadline
—
SEC tickers
MKLY, MKLYR, MKLYU
Sponsor
—
S-4 / F-4 filer
Holdco · Space-Eyes, Inc.
Fiscal year
December 31
Next filing
10-Q 2026-11-14
Vote
—
Schedule
What is due next
- Fiscal year
- Ends December 31 · 10-K cover
- This window
- 10-Q due 2026-08-14 · filed
- Next due
- 10-Q 2026-11-14Period 2026-09-30
- Pulse
- +6
10-Q for period ended 2026-06-30, due 2026-08-14. 10-Q 2026-08-14 on time (+6).
On time with this window. Pulse stays even with the other new listings that filed.
Meetings
No shareholder meeting dated in the Q&A or calendar.
Price history
Delayed exchange prints — common, rights, units, warrants when listed. Last price is in the header. This tape does not move Pulse.
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S-4 amendment timeline
Shrinking gaps mean the deal is progressing. The tag says whether that filing cleared a checklist, dropped a hurdle, or repriced the deal.
Merging company
On file
Space-Eyes, Inc.
Close timing Q&A
On file
Close Q on file, no dated window.
Meeting Q&A
Gap
Meeting Q is still a blank. They have not printed a date.
Proxy card
Gap
No form of proxy in the exhibits yet.
10-Q / 10-K
On file
10-Q for period ended 2026-06-30, due 2026-08-14. 10-Q 2026-08-14 on time (+6).
Q&A · close
When do you expect the Business Combination to be completed? A: It is currently anticipated that the Business Combination will be consummated as soon as practicable following the Shareholder Meeting, which is set for [ ], 2026; however, (i) such meeting could be adjourned if the Adjournment Proposal is adopted by our shareholders at the Shareholder Meeting and we elect to adjourn the Shareholder Meeting to a later date or dates to permit further solicitation and votes of proxies if, based upon the tabulated vote at the time of the Shareholder Meeting, there are insufficient McKinley Ordinary Shares represented (either in person or by proxy) to constitute a quorum necessary to conduct business at the Shareholder Meeting or to approve any of the Proposals, and (ii) the Closing will not occur until all conditions set forth in the Business Combination Agreement are satisfied or waived. For a description of the conditions for the completion of the Business Combination, see Proposal No. 1 The Business Combination Proposal The Business Combination Agreement Conditions to the Closing of the Business Combination .
Your notes
Saved on this device only.
Journal
On MKLY
2026-08-21
MKLY discloses four Space-Eyes post-combination board nominees
Form 425 filed 21 Aug 2026 details appointments of Reese, Singh, Christensen and Meguid ahead of pending combination.
2026-08-21
McKinley put out a 425. That is not a second S-4.
August 21 prospectus copy on Space-Eyes. Pulse 47 → 53. Still not an amendment.
Journal
Latest journal
2026-08-24
SAMO files Q1 10-Q, reports $28k net loss from Jan 27 inception to Mar 31
Pre-IPO period shows $21.8k cash, $50k sponsor note, and $574k total liabilities against $571k assets.
2026-08-31
BCCQ 425 outlines $2.3B Ursa Major combination, $1.6B pre-money
Form 425 communication filed 31 Aug 2026 discloses proposed business combination terms and PIPE.
2026-08-31
BCCQ 425 details proposed Ursa Major combination at $1.6B consideration
Form 425 filed August 31 communicates terms of the business combination with Ursa Major Technologies, Inc. Registration statement on Form S-4 to follow.
2026-08-31
BCCQ 425 outlines Ursa Major deal at $2.3 billion equity value
Form 425 communication filed Aug. 31 details proposed combination with Ursa Major Technologies and related PIPE commitments.
- BCCQ 425 files on proposed Ursa Major combinationBCCQ · 2026-08-31
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- BREZ Audit Committee concludes May 14, 2026 balance sheet cannot be relied upon; restatement requiredBREZ · 2026-08-31
- OCAC dismisses YCM CPA INC., appoints HYYH CPA. LLCOCAC · 2026-08-31
- SAMO Units separate; Class A shares and warrants begin individual trading on NYSESAMO · 2026-08-31