Nukkleus acquires 51% controlling stake in Star 26 Capital

Nukkleus (NUKK) announced that it has successfully acquired a 51% controlling stake in Star 26 Capital, a defense acquisition company holding 95% ownership in RIMON. “RIMON is a leading Israeli supplier of critical components for the Iron Dome missile defense system, as well as other defense and tactical solutions. The transaction, finalized on December 15, 2024, involved a total purchase price of $26M, including cash, a promissory note Nukkleus’s common stock, and warrants to purchase additional shares of common stock of Nukkleus. This acquisition also includes an option agreement allowing Nukkleus to acquire the remaining equity in Star 26 at a later date. With this acquisition, Nukkleus gains control over RIMON’s diversified operations, which include two key business lines,” the company stated. “The combined entity will focus on the Israeli and US market opportunities – acquiring controlling interest in medium-sized companies while providing them financing and global business development opportunities. With a shared commitment to innovation and excellence, Nukkleus and Star are poised to drive growth and deliver value to shareholders, customers, and stakeholders alike,” the company added.