Nukkleus Inc. - NUKK STOCK NEWS

Nukkleus (NASDAQ: NUKK) has acquired a 51% controlling stake in Star 26 Capital Inc. for $26 million, marking a strategic shift from fintech to defense. Star 26 owns 95% of RIMON, a key supplier of components for Israel's Iron Dome missile defense system. The transaction, completed on December 15, 2024, includes cash, promissory notes, common stock, and stock warrants, with an option to acquire the remaining equity later.

RIMON operates two main business lines: distribution of generators, masts, and lighting solutions through exclusive distributorship agreements, and development of tactical vehicles for defense forces. Under new CEO Manny Shalom, Nukkleus aims to capitalize on the growing defense sector, citing increased investments in Israeli defense firms amid geopolitical tensions. The company plans to expand into merchant banking activities across banking, U.S. real estate, and technology-focused coworking spaces.

Nukkleus Inc (NASDAQ: NUKK) has acquired a 51% controlling stake in Star 26 Capital Inc, a defense acquisition company that owns 95% of RIMON, an Israeli supplier of components for the Iron Dome missile defense system. The transaction, completed on December 15, 2024, included cash, promissory notes, common stock, and stock warrants.

RIMON's operations encompass two main business lines: distribution of generators, masts, and lighting solutions through exclusive distributorship agreements, and development of tactical vehicles for defense forces. The acquisition includes an option for Nukkleus to acquire the remaining equity in Star 26 in the future.

According to newly appointed CEO Manny Shalom, this strategic move positions Nukkleus in the growing defense industry, capitalizing on increased investments due to geopolitical shifts in the Middle East and Ukraine. The company plans to integrate Star 26 operations while exploring expansion into financial services, real estate, and technology sectors.

Nukkleus (NASDAQ: NUKK) announced a 1-for-8 reverse stock split effective October 24, 2024. The split aims to regain compliance with Nasdaq's $1.00 minimum bid price requirement by November 4, 2024. Post-split, NUKK's outstanding shares will reduce from 16.9 million to approximately 2.1 million. The company's authorized shares were increased from 40 million to 150 million at the October 11 annual meeting. No fractional shares will be issued, and stockholders will receive rounded-up shares. The split won't alter stockholders' ownership percentages or voting power. Continental Stock Transfer & Trust Company is managing the exchange process for stockholders.

Nukkleus Inc. (NASDAQ: NUKK) announces the acquisition of Mercury Global, a cross-border payments firm with operations in London and South Africa. The deal involves acquiring the entire issued share capital of Mercury Global, with a mix of Nukkleus Inc. common stock and cash. The agreement includes earn-out payments based on specific milestones. The transaction is pending regulatory approvals in the UK.

Nukkleus Inc. (NASDAQ: NUKK) appoints C. Derek Campbell, an experienced business leader with strong ties to emerging markets such as Africa, to its Board of Directors. Campbell's background spans the energy, natural resources, infrastructure, security, and defense sectors, and he currently serves as the Group Managing Partner of LVC Global Holdings, LLC. His appointment comes after Nukkleus' strategic collaboration with Tantel Group to expand its presence in the African B2B payments market. CEO Emil Assentato emphasizes the significance of Campbell's appointment in delivering innovative solutions for global cross-border payment challenges.

Nukkleus Inc. (NASDAQ: NUKK) and its subsidiary, Digital RFQ (DRFQ), have announced a collaboration with Tantel Group to expand their footprint in the rapidly growing African B2B payments market, estimated to be valued at over $1.5 trillion by the World Bank. The collaboration aims to revolutionize the payment infrastructure in Africa, addressing challenges of costly, slow, and unreliable cross-border payments. By synergizing DRFQ's innovative technology with Tantel Group's local expertise, the initiative seeks to enhance transaction efficiency, reduce costs, improve reliability, and overcome FX limitations. This collaboration represents a significant step in Nukkleus' strategy to expand its services and influence across the continent, resulting in substantially increased transaction volume for DRFQ.

Nukkleus Inc. signs MOU to acquire an additional 16% in Jacobi Asset Management, Europe's first approved Bitcoin spot ETF, elevating total holdings to approximately 20%. The potential acquisition aligns with Nukkleus' vision and commitment to pioneering in the fintech industry, leveraging innovative financial tools like blockchain and digital assets to transform and democratize the global financial landscape. The MOU outlines a framework for Nukkleus to negotiate the acquisition of an additional 10% stake in Jacobi outright, as well as an option to acquire One Hoxton Holding Ltd, which would hold an additional 6% of Jacobi. Completion of the proposed acquisition will be subject to successful completion of diligence and the negotiation and execution of definitive agreements.

Nukkleus Inc. (NASDAQ: NUKK) announces new corporate presentation, emphasizing commitment to the future of finance. Nukkleus is a fintech industry pioneer, focusing on disruptive technologies and progress. The company recently commenced trading on NASDAQ after completing a SPAC merger, highlighting a period of growth and innovation. Nukkleus offers products and services internationally, primarily outside the United States.

Nukkleus Inc. (Nasdaq: NUKK) proudly announces a strategic merger with Brilliant Acquisition Corporation, valuing Nukkleus at around $105 million. The combined company has been redomesticated to Delaware, with the common stock and warrants expected to begin trading on the Nasdaq Stock Market under the ticker symbols NUKK and NUKKW on December 26, 2023.