Space-Eyes, a defense technology firm, has announced plans to go public through a SPAC merger, a deal valued at approximately $638 million. The company, which specializes in surveillance and defense-related software, has attracted significant attention due to the involvement of Eric Trump, who serves as a backer for the venture.

While the financial details of the merger have been confirmed by industry sources, the specific timeline for the public listing remains subject to regulatory approval. The SPAC structure allows the company to bypass the traditional initial public offering (IPO) process, a common route for tech firms looking to accelerate their market entry.

Industry analysts note that the defense technology sector has seen increased investment as global geopolitical tensions rise. Space-Eyes intends to use the capital raised from the merger to scale its research and development efforts. There is currently no public disagreement regarding the valuation of the deal, though market observers remain cautious about the volatility often associated with SPAC-led public listings. The company has not yet released a detailed roadmap for how the new capital will be allocated across its various defense contracts.