Welcome to our dedicated page for Nukkleus news (Ticker: NUKK), a resource for investors and traders seeking the latest updates and insights on Nukkleus stock.
Nukkleus, Inc. (OTC: NUKK) is a fintech group focused on acquiring, building, and scaling blockchain and digital financial services businesses. They serve b2b and institutional clients, aiming to disrupt the banking & investment industry positively.
The company offers software and technology solutions, with operating segments that include general support services and financial services. General support services cover software, technology, customer sales, marketing, and risk management solutions, while financial services involve payment services across fiat currencies and digital assets.
Recently, Nukkleus completed a strategic merger with Brilliant Acquisition Corporation, valued at approximately $105 million. This merger marks a significant step into a future rich with digital asset opportunities for businesses and investors. The combined company has been redomesticated to Delaware and its name changed to Nukkleus Inc.
Nukkleus Inc (OTC: NUKK) has filed its annual report on Form 10-K for the year ending September 30, 2022, highlighting the progress of its merger with Brilliant Acquisition Corp (Nasdaq: BRLI). The report shows that digitalRFQ, a Nukkleus subsidiary, achieved significant growth, processing over
Nukkleus Inc. (OTC: NUKK) announced a merger with Brilliant Acquisition Corp (Nasdaq: BRLI), valuing the company at approximately $140 million. The merger aims to leverage Nukkleus's advanced technology to enhance global money movement and trading services, including crypto exchange-traded products and multi-currency payments. A reverse stock split of 1:25.146 is planned prior to closing, expected in Q2 or Q3 2022, subject to approvals. This merger positions Nukkleus as a parent company of Brilliant, with an intention to support sustainable initiatives and expand digital economy infrastructures.
Nukkleus Inc (OTC: NUKK) has acquired a 5% stake in Jacobi Asset Management for an eight-figure sum. Jacobi is set to launch the world's first tier one Bitcoin ETF, having received regulatory approval. This strategic move allows Nukkleus to leverage Jacobi's expertise in digital asset management, which is spearheaded by Jamie Khurshid, a former Goldman Sachs leader. Nukkleus CEO Emil Assentato emphasizes the potential for mainstream Bitcoin investment through this partnership, reflecting confidence in the future of digital assets.
Nukkleus Inc (OTC: NUKK) announced a partnership with Polygon and Grassroots Economics to provide a Blockchain community grant to Bollant Industries in Hyderabad, India, aimed at enhancing waste management. This initiative aligns with Nukkleus' sustainable ESG objectives, promoting eco-friendly practices and community empowerment. Bollant Industries, known for its biodegradable products, employs nearly 200 differently-abled individuals, contributing to economic independence in impoverished communities. Polygon's $14B market cap underscores its commitment to affordable crypto payments and ESG projects.
Nukkleus Inc (OTC: NUKK) has partnered with Monogram Network to facilitate the issuance of the MG Token, aimed at institutional investors. This partnership, facilitated by Digital RFQ Limited, enhances security for entering the crypto market. The MG Token offers interests in appreciating global assets and plans to expand into renewable energy and real estate. Digital RFQ is the only UK institutional-focused crypto firm registered with the FCA, addressing risks associated with cryptocurrency transactions.
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