Summary by Moomoo AI
Nukkleus Inc. has issued a $312,500 Senior Unsecured Promissory Note to X Group Fund of Funds for $250,000 in cash proceeds on June 11, 2024. The note bears 12% annual interest, due in six months, and includes a warrant to acquire 1.2 million shares at $0.25 per share. The lender has conversion rights at $0.25 per share and the option to provide an additional $500,000 during a six-month investment period.The company appointed two new independent directors: Reuven Yeganeh, an experienced derivatives trader and former chairman of Fantazy Network, and Anastasiia Kotaieva, owner of Ali Finance, effective June 13, 2024. Additionally, the company has agreed to negotiate the sale of its subsidiary, Digital RFQ Ltd., to its current management team.Nukkleus has terminated its General Services Agreement with Triton Capital Markets Ltd. (TCM) due to non-payment. The agreement, which previously generated most of the company's revenue, had required TCM to pay a minimum of $1.6 million monthly to Nukkleus Limited, the company's subsidiary.
