Core Insights - A major contract between Israel's Ministry of Defense and Rafael Advanced Defense Systems has been established under a newly approved $8.7 billion U.S. defense assistance package, focusing on enhancing air defense capabilities and anti-missile technologies [1][4] - The U.S. assistance package allocates $5.2 billion specifically for the enhancement of Israel's air defense systems, facilitating rapid production of interceptors and development of innovative technologies [2] - Nukkleus announced a proposed acquisition of a 51% stake in Star 26 Capital Inc., which owns Rimon, a provider of components for Iron Dome systems, positioning the company to benefit from rising demand in the defense sector [3][6] Economic and Strategic Impact - The $8.7 billion assistance package and related contracts are expected to generate significant economic activity, creating thousands of new jobs in the defense industry [4] - The growing reliance on Israeli defense technologies, particularly the Iron Dome, which has demonstrated exceptional success rates in missile interception, highlights Israel's role as a global defense innovator [5] Positioning for Growth - Nukkleus aims to align its resources with Israel's defense innovations to capitalize on the increasing demand for advanced defense technologies, while exploring high-impact opportunities to contribute to global security advancements [6]

Core Viewpoint - Nukkleus, Inc. has regained compliance with Nasdaq's market value requirements, allowing its securities to continue being listed and traded on the Nasdaq Stock Market [1][2][3] Group 1: Compliance and Listing Status - Nukkleus was notified on January 15, 2025, that it has regained compliance with Nasdaq Listing Rule 5450(b)(2)(A) and 5450(b)(2&3)(C) [1] - As a result, Nasdaq has canceled the hearing scheduled for January 21, 2025, confirming the continuation of Nukkleus's listing [2] - This milestone reflects Nukkleus's commitment to meeting Nasdaq's compliance standards [2][3] Group 2: Company Overview and Strategy - Nukkleus, Inc. focuses on innovative acquisition strategies, targeting high-potential businesses across sectors such as defense, financial services, real estate, industrial, and technology [4] - The company aims to drive growth, innovation, and operational excellence through strategic investments and expertise [4] - Nukkleus leverages market insights and advanced solutions to accelerate growth and ensure long-term success for its portfolio businesses [4]

According to the WSJ, deals like Slovakia's €560 million acquisition of the Barak MX exemplify the surging demand for proven technologies capable of addressing modern threats. These developments come as governments worldwide commit billions to defense spending and investors increasingly turn their attention to the resilient and rapidly growing defense sector. Manny Shalom, CEO of Nukkleus Inc. (NASDAQ: NUKK), commented: "The defense industry is experiencing a historic shift, driven by rising geopolitical te ...

证券时报网讯，Nukkleus盘前股价跌超12%，该股近几日持续拉升，本周涨幅已累计超3600%。 Nukkleus是一家金融科技公司，专注于为全球零售外汇交易行业提供软件和技术解决方案。 它主要向TCM提供软件、技术、客户销售和营销以及风险管理技术硬件和软件解决方案包。 公司宣布了一系列战略性融资，包括预计将从 Yorkville Advisors Global LP获得1000万美元融资，以及 收购了 Star 26 Capital Inc 51% 的股份，该公司是以色列国防系统供应商的主要股东。 校对：刘星莹 ...

JERSEY CITY, N.J., Dec. 18, 2024 /PRNewswire/ -- Nukkleus, Inc. (NASDAQ: NUKK), today announced the pricing of a private placement with a single New York-based family office investor. The aggregate gross cash proceeds are expected to be $10.0 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement to finance the proposed acquisition of Star 26 Capital Inc., a defense acquisition company h ...

Acquisition Details - Nukkleus Inc acquired a 51% controlling stake in Star 26 Capital Inc, which holds 95% ownership in RIMON, a leading Israeli defense component supplier [1] - The total purchase price was $26 million, including cash, a promissory note, Nukkleus common stock, and warrants to purchase additional shares [2] - The acquisition includes an option agreement for Nukkleus to acquire the remaining equity in Star 26 at a later date [2] RIMON's Business Operations - RIMON operates two key business lines: distribution of generators, masts, and lighting solutions through exclusive distributorship agreements [2] - RIMON designs, engineers, and integrates tactical vehicles, including reconnaissance vehicles, mobile command and control units, and satellite broadcast platforms, serving special defense forces and intelligence agencies [3] Strategic Implications - The acquisition positions Nukkleus at the forefront of the booming defense industry, capitalizing on opportunities driven by geopolitical shifts in the Middle East and the war in Ukraine [4] - RIMON's expertise in critical defense systems and partnerships with leading defense exporters like Rafael and Elbit Systems strengthens Nukkleus's capabilities in delivering innovative defense solutions [4] - Nukkleus plans to integrate Star 26 operations into its business structure and explore further growth opportunities, including expanding into banking, U.S. real estate, and technology-populated coworking space campus locations [4] Market Opportunities - The combined entity will focus on Israeli and US market opportunities, acquiring controlling interests in medium-sized companies while providing them financing and global business development opportunities [5] - The defense sector has seen rapid growth, with a 120% increase in Israel's defense indices and a 38% rise in similar indices in the US [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-39341 Nukkleus Inc. (Exact name of registrant as specified in its charter) Delaware 38-3912845 (State or other jurisdiction of ...

Financial Performance - Total revenues for the three months ended March 31, 2024, were $259,757, a decrease of 95.4% compared to $5,633,944 for the same period in 2023[13]. - Gross profit for the three months ended March 31, 2024, was $196,561, compared to a gross profit of $147,962 for the same period in 2023, representing a 33% increase[13]. - Operating expenses for the three months ended March 31, 2024, totaled $2,616,410, significantly higher than $954,326 for the same period in 2023, marking a 174% increase[13]. - The net loss for the three months ended March 31, 2024, was $2,429,417, compared to a net loss of $805,649 for the same period in 2023, reflecting a 201% increase in losses[13]. - Financial services revenue for the six months ended March 31, 2024, was $702,148, down from $1,410,332 in the same period of 2023, reflecting a 50% decrease[60]. - The company reported a comprehensive loss of $(2,402,835) for the three months ended March 31, 2024, compared to $(808,370) for the same period in 2023[13]. Stockholder Equity and Deficit - Total stockholders' deficit as of March 31, 2024, was $(11,524,752), an increase from $(6,193,230) as of December 31, 2023[14]. - As of March 31, 2023, total stockholders' equity was $9,141,848, down from $10,890,580 as of October 1, 2022, reflecting a decrease of approximately 16%[16]. Cash Flow and Liquidity - The company experienced a net cash used in operating activities of $1,878,608 for the year 2024, compared to $1,882,501 for 2023, showing a slight improvement[17]. - Cash at the end of the period was $651,220, an increase from $486,946 at the end of the previous year[18]. - The company’s liquidity is under substantial doubt, as the current cash balance cannot cover operating expenses for the next twelve months[29]. - The company reported negative cash flow from operating activities of approximately $1,879,000 for the six months ended March 31, 2024[29]. Debt and Financial Obligations - The company converted related party debts into common stock amounting to $2,997,624, reflecting a significant restructuring of its financial obligations[18]. - The company issued promissory notes totaling $916,000 to related parties during the six months ended March 31, 2024, with an outstanding principal balance of $916,000 as of that date[109]. - Interest expense related to related parties' loans amounted to $10,348 for the three months and $17,770 for the six months ended March 31, 2024[110]. Customer Assets and Liabilities - As of March 31, 2024, customer digital currency assets and liabilities were valued at $8,100, reflecting the company's obligation to safeguard customers' digital assets[44]. - Customer custodial cash represented cash maintained in company bank accounts for the benefit of customers, with liabilities classified as current[38]. - Customer custodial cash decreased from $672,501 as of September 30, 2023, to $345,631 as of March 31, 2024, representing a decline of approximately 48.7%[77]. Business Operations and Strategy - Nukkleus has terminated its General Services Agreement with Triton Capital Markets Ltd. effective January 1, 2024, due to non-payment, which required a minimum payment of $1,600,000 per month[22]. - The company is focused on providing software and technology solutions for the retail foreign exchange trading industry, primarily servicing Triton Capital Markets Ltd.[21]. - The company operates in two reportable business segments: general support services and financial services, reflecting different service offerings[118]. Shareholder Transactions - The company issued a total of 627,997 shares of common stock for services valued at $2,765,601 during the six months ended March 31, 2024[83]. - A Debt Conversion Agreement resulted in the conversion of $2,727,061 of related party debt into 757,678 shares of common stock, with a fair market value exceeding the debt by $3,900,255[83]. Impairment and Allowances - The company has not recorded any impairment charges for long-lived assets for the three and six months ended March 31, 2024, as no impairment indicators were noted[57]. - As of March 31, 2024, the company had established an allowance for doubtful accounts of $0 for its note receivable from related parties, down from $637,072 as of September 30, 2023[51]. Miscellaneous - The company entered into a Settlement Agreement on May 28, 2024, issuing 1,889,550 shares of common stock to settle claims owed to Silverback Capital Corporation[124]. - The company plans to negotiate the sale of its wholly owned subsidiary, Digital RFQ Ltd., to its current management team, subject to board and shareholder approval[125].

Enhanced due diligence is followed in all circumstances where a customer is identified as high-risk, and this involves seven specific tasks: 1. Conduct enhanced monitoring of the business relationship by increasing the number and timing of controls applied, and selecting patterns of transactions that need further examination. 3. Capturing additional information about the intended nature of the business relationship. Countries subject to sanctions, embargos or similar measures issued by, for example, the Eur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39341 BRILLIANT ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) British Virgin Islands N/A (State o ...