Nukkleus (NUKK) just unveiled an update.
Nukkleus Inc. has secured a financial boost by issuing a $312,500 Senior Unsecured Promissory Note to X Group Fund of Funds with a 12% annual interest rate, maturing in six months. Accompanying this, the company granted a Warrant for purchasing 1.2 million shares at $0.25 each and set terms for a potential additional $500,000 loan. Furthermore, Nukkleus is contemplating the sale of subsidiary Digital RFQ Ltd. to its management and has appointed two new independent directors with solid backgrounds in finance and business management, enhancing its governance and strategic capabilities.
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