hondaboost
2 hours ago
NUKKW, JUST $0.009 a day ago.
Date Ex Sym Open High Low Close Chg Vol #Tr Bid Ask
2024-12-16 Q NUKKW 0.0081 0.0095 0.008 0.0095 -0.0043 14,400 5 0.0052 0.05
2024-12-13 Q NUKKW 0.0093 0.0025 0.018
2024-12-12 Q NUKKW 0.0101 0.0132 0.0085 0.0093 -0.0007 59,722 44 0.0052 0.035
2024-12-11 Q NUKKW 0.0134 0.0134 0.0132 0.0132 -0.0001 4,101 3 0.0052 0.0165
2024-12-10 Q NUKKW 0.0133 0.0135 0.0132 0.0132 -0.0007 5,904 10 0.0052 0.022
2024-12-09 Q NUKKW 0.014 0.014 0.0139 0.0139 0.0014 30,521 6 0.0052 0.0139
2024-12-06 Q NUKKW 0.0139 0.0139 0.0139 0.0139 0.0014 5,000 1 0.0055 0.013
2024-12-05 Q NUKKW 0.0148 0.0148 0.0125 0.0125 0.0007 5,853 6 0.0047 0.0349
2024-12-04 Q NUKKW 0.0097 0.0118 0.0081 0.0118 -0.0001 26,100 23 0.0052 0.0349
2024-12-03 Q NUKKW 0.0074 0.0119 0.0069 0.0087 0.0013 2,100 5 0.0047 0.035
2024-12-02 Q NUKKW 0.0076 0.0077 0.0068 0.0074 -0.0026 141,239 28 0.0052 0.0
hondaboost
3 hours ago
NUKK, amazing news out today:
2024-12-17 10:42 ET - News Release
Nukkleus, Inc. Achieves Strategic Milestone with Acquisition of a Controlling Stake in Star 26 a Defense-focus acquisition company and a provider of Israel's Iron Dome Missile Defense System
PR Newswire
JERSEY CITY, NJ, Dec. 17, 2024
JERSEY CITY, NJ, Dec. 17, 2024 /PRNewswire/ -- Dec 17, 2024 - Nukkleus, Inc. (NASDAQ: NUKK), a pioneer in the fintech sector traditionally focused on the cryptocurrency market, announced that it has successfully acquired a 51% controlling stake in Star 26 Capital Inc., a defense acquisition company holding 95% ownership in RIMON. RIMON is a leading Israeli supplier of critical components for the Iron Dome missile defense system, as well as other defense and tactical solutions.
The transaction, finalized on December 15, 2024, involved a total purchase price of $26 million, including cash, a promissory note Nukkleus's common stock, and warrants to purchase additional shares of common stock of Nukkleus. This acquisition also includes an option agreement allowing Nukkleus to acquire the remaining equity in Star 26 at a later date.
tw0122
5 hours ago
Thanks …..On December 15, 2024, Nukkleus Inc. (the “Company”) entered into a Securities Purchase Agreement and Call Option between Nukkleus Inc. Star 26 Capital Inc. (“Star”), the shareholders of Star 26 Capital Inc. (“Star Equity Holders”) and Menachem Shalom, the representative of such shareholders (the “Star Agreement”) to acquire a controlling 51% interest in Star, a defense acquisition company (the “Transaction”). Star holds 95% of B. Rimon Agencies Ltd. (“Rimon”), an Israeli corporation engaged as a supplier of generators for "iron dome" launchers and other defense products. Mr. Shalom, who is the Chief Executive Officer and a director of the Company, is a controlling shareholder, Chief Executive Officer and a director of Star. Pursuant to the Star Agreement, the Company at closing will acquire 51% of the issued and outstanding capital of Star in consideration of (i) $15,000,000 in a combination of cash in the minimum amount of $5,000,000 and a promissory note for the remaining balance maturing in 12 months following the closing (the “Investment Note”), (ii) the Company issuing the Seller 2,385,170 shares of common stock of the Company and (iii) the Company issuing Star a five-year warrant to purchase an aggregate of 6,907,859 shares of the Company’s common stock for an exercise price of $1.50 per share. The Star Equity Holders granted the Company an option (the “Option”) to purchase the balance of their equity in Star (49%) for an aggregate of $16,084,250 (the “Option Exercise Price”) in consideration for the issuance to the Star Equity Holders five-year warrants to purchase an aggregate of 720,000 shares of the Company’s common stock for an exercise price of $1.50 per share. The Option Exercise Price to be paid by the Company to the Star Equity Holders will consist of $3,000,000 in cash, a promissory note in the principal amount of $3,000,000, which shall accrue interest at the rate of 8% and be due and payable six (6) months after the issuance thereof, 2,385,170 shares of common stock of the Company and a five-year warrant to purchase 5,109,789 shares of the Company’s common stock for an exercise price of $1.50 per share.
If, for a period of 12 months after the closing, the Company’s shares of common stock are delisted from Nasdaq, Star shall have the right, at its own discretion, to require the Company to exchange the Investment Note for all the shares of Star then held by the Company, provided, however, the Option shall be automatically cancelled and Star shall retain any cash payments made by the Company to Star and the Company shall retain an equity interest in Star equivalent to all cash payments. The closing of the Transaction is subject to customary closing conditions, including regulatory approvals, third-party consents, fairness opinion, and approval by the Company’s shareholders as required under applicable Nasdaq listing rules.
Rimon operates two primary lines of business: (i) the purchase and sale of generators, masts, and lightning products and solutions, which it acquires through exclusive distributorship agreements with key third-party suppliers; and (ii) the engineering, design, production, integration, and maintenance of special tactical vehicles and trailers, including reconnaissance vehicles, mobile command and control vehicles, firefighting trailers, energy and lighting trailers, and satellite broadcast mobility platforms which are primarily sold to special defense forces, intelligence agencies and the Israeli Defense Forces.
The acquisition comes at a time of what the Company believes will be growth and transformation within the global defense sector. The Company will integrate Star operations into its existing business structure while continuing to explore additional opportunities for growth.
The foregoing information is a summary of the Star Agreement involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of the Star Agreement, attached as Exhibit 10.1 to this Current Report on Form 8-K. Readers should review the Star Agreement for a complete understanding of the terms and conditions associated with this transaction.