Nukkleus Inc. (NASDAQ:NUKK) shares are moving higher Wednesday on continued momentum following the company's announcement that it took a 51% controlling stake in defense acquisition firm Star 26 Capital. Here's what you need to know.
What To Know: Nukkleus on Tuesday said it acquired a controlling stake in Star 26, which holds 95% ownership in RIMON, an Israeli supplier of critical components for the Iron Dome missile defense system and a developer of tactical vehicles for defense and intelligence agencies.
The move marks a strategic shift from the company's fintech roots into the defense sector. The deal, finalized over the weekend, has a total purchase price of $26 million, including cash, a promissory note Nukkleus's common stock and warrants to purchase additional shares of Nukkleus. The company also secured an option to acquire the remaining equity in Star 26.
RIMON's operations include exclusive distribution agreements for generators, masts and lighting solutions, as well as the design and engineering of reconnaissance vehicles, mobile command units and satellite platforms. Newly appointed Nukkleus CEO Manny Shalom highlighted the growth potential of the defense sector, driven by geopolitical tensions in the Middle East and the war in Ukraine, citing increased defense-related investments in Israeli firms.
"RIMON's expertise in critical defense systems, coupled with its established partnerships with leading defense exporters like Rafael and Elbit Systems, strengthens Nukkleus's capabilities in delivering innovative defense solutions," Shalom said.
The company aims to leverage RIMON's defense expertise and partnerships to capitalize on U.S. and Israeli market opportunities while pursuing acquisitions and financing initiatives to drive growth.
Under the company's full expansion strategy, Nukkleus plans to integrate Star 26 into its business structure, expand operations and act as a Merchant Bank for companies in banking, real estate and coworking spaces.
NUKK Price Action: Nukkleus shares have been halted for volatility several times in Wednesday's session. The stock was up 319.6% at $49.85 at the time of publication, according to Benzinga Pro.
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Nukkleus Inc. (ナスダック:NUKK) の株は、水曜日にビジネスの発表に続く勢いで上昇しています。会社は、防衛調達会社の科創板26キャピタルの51%の支配権を取得したと発表しました。知っておくべきことは以下の通りです。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
RIMON's operations include exclusive distribution agreements for generators, masts and lighting solutions, as well as the design and engineering of reconnaissance vehicles, mobile command units and satellite platforms. Newly appointed Nukkleus CEO 
RIMONの業務には、発電機、マスト、照明ソリューションの独占的販売契約や、偵察車両、移動指揮ユニット、人工衛星プラットフォームの設計およびエンジニアリングが含まれています。新任のNukkleus CEOマニー・シャロムは、中東の地政学的緊張とウクライナ戦争に起因するディフェンスセクターの成長ポテンシャルを強調し、イスラエル企業へのディフェンス関連投資の増加を指摘しました。