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MKLY

S-4 filedDeal announcedLife support

McKinley 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.

Life support

% 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.

0255075100II
  1. 02-27 10-K
  2. 05-15 10-Q
  3. 08-05 Deal announced
  4. 08-12 S-4
  5. 08-14 10-Q
  6. 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

  • 09-2310-Q. Periodic report. Pulse -1 — calendar, not the S-4.
  • 11-1310-Q. Periodic report. Pulse -1 — calendar, not the S-4.
  • 02-2710-K. Periodic report. Pulse -1 — calendar, not the S-4.
  • 05-1510-Q. Periodic report. Pulse -1 — calendar, not the S-4.
  • 08-05Deal announced. Contract signed. Close-path clock starts. +15
  • 08-12S-4. Book opened. Amendment velocity starts here. +12
  • 08-1410-Q. Periodic report on time. +4
  • 10-07Now. 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 .

  1. 4252026-08-26

    FORM 425

  2. 4252026-08-21

    FORM 425

  3. 10-Q2026-08-14

    10-Q

  4. S-42026-08-12

    S-4 — Space-Eyes, Inc.

  5. 8-K2026-08-05

    Item 1.01 Entry Into A Material Definitive Agreement

Show 10 more filings
  1. 4252026-08-05

    CURRENT REPORT

  2. 4252026-08-04

    FORM 425

  3. 4252026-08-03

    FORM 425

  4. 8-K2026-05-18

    CURRENT REPORT

  5. 10-Q2026-05-15

    10-Q

  6. 10-K2026-02-27

    10-K

  7. 10-Q2025-11-13

    10-Q

  8. 10-Q2025-09-23

    10-Q

  9. 8-K2025-08-29

    CURRENT REPORT

  10. 8-K2025-08-15

    CURRENT REPORT

Your notes

Saved on this device only.

Journal

On MKLY

All notes
  1. McKinley and Space-Eyes: a new book, first S-4 already in.MKLY · 2026-08-12

Journal

Latest journal

All notes
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