Duke Robotics Announces 25-for-1 Reverse Stock Split

Core Viewpoint - Duke Robotics Corp. is implementing a 25-for-1 reverse stock split to increase the per-share market price of its common stock, which may support a potential uplisting to a national securities exchange [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on March 6, 2026, and the company's common stock will begin trading on a post-split basis under the new ticker symbol DUKRD for 20 trading days [1][2]. - After the reverse stock split, the outstanding shares will decrease from 56,302,147 to approximately 2,252,086, while the total number of authorized shares will remain at 350,000,000 [4]. - Fractional shares resulting from the reverse stock split will not be issued; instead, they will be rounded up to the nearest whole share [4][5]. Group 2: Ownership and Adjustments - The reverse stock split is not expected to change any stockholder's proportional ownership interest, with minimal effects from fractional shares [5]. - Proportionate adjustments will be made to the exercise prices and the number of shares underlying the company's outstanding options, warrants, and other equity-based awards [5]. Group 3: Company Overview - Duke Robotics develops advanced stabilization and autonomous robotic drone systems for civilian and defense markets, including the Insulator Cleaning Drone and the Bird of Prey weapons drone system [7].