tiprankstipranks
Nukkleus Expands with Strategic Investment and Stock Grants
Company Announcements

Nukkleus Expands with Strategic Investment and Stock Grants

Story Highlights
  • Nukkleus announced a $10 million private placement for acquiring Star 26 Capital Inc.
  • The company issued restricted stock grants to executives and directors as compensation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Pick the best stocks and maximize your portfolio:

Nukkleus ( (NUKK) ) just unveiled an announcement.

Nukkleus, Inc. announced a $10 million private placement with a New York-based family office, intending to use the proceeds for the acquisition of Star 26 Capital Inc., which holds a significant stake in RIMON, an Israeli supplier of components for the Iron Dome missile defense system. The company also issued restricted stock grants to its executives and directors as compensation for their services, with the private placement being priced above the market under Nasdaq rules.

More about Nukkleus

Nukkleus, Inc. (NASDAQ: NUKK) is a Nasdaq-listed company that recently announced an acquisition of Star 26 Capital Inc., a defense-focused acquisition company.

YTD Price Performance: 127.21%

Average Trading Volume: 4,426,052

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $167.9M

Find detailed analytics on NUKK stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyNukkleus Inc trading resumes
TheFlyNukkleus Inc trading halted, volatility trading pause
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App