Duke Robotics Announces $750,000 Private Placement at a Premium to Market

Core Viewpoint - Duke Robotics Corp. has successfully raised $750,000 through a private placement, which is expected to strengthen its balance sheet and support near-term execution opportunities in advanced robotics technology and autonomous drone solutions for civilian and defense markets [1][2]. Group 1: Private Placement Details - The private placement involved a definitive securities purchase agreement with accredited investors, raising gross proceeds of $750,000 [1]. - Units in the private placement are priced at $0.36 per unit, each consisting of one share of common stock and one warrant to purchase an additional share at $0.65, expiring on November 30, 2026 [3]. - The proceeds will be utilized for working capital and general corporate purposes, including ongoing operational and commercialization initiatives [2]. Group 2: Company Overview - Duke Robotics develops advanced stabilization and autonomous robotic drone systems for both civilian and defense markets, including the Insulator Cleaning Drone (IC Drone) and the Bird of Prey weapons drone system [6]. - The IC Drone offers a safer and more efficient method for cleaning high-voltage electric utility insulators, while the Bird of Prey system is designed for non-line-of-sight engagements [6].