By Chris Wack
Nukkleus shares were 12% higher, at $5.29, after the company priced a private placement, led with a $9.5 million investment by Esousa Group Holdings and a $500,000 investment by Sixth Borough Capital Fund.
Gross proceeds from the private placement are expected to be $10 million.
The New York-based company on Friday said it intends to use the proceeds to fund its acquisition of Tiltan Software Engineering, and acquisition of 51% of Star 26 Capital.
In connection with the private placement, Nukkleus said it has agreed to issue an aggregate of 200 units. Each unit will be sold at a price per unit of $50,000, and will consist of a restricted share of Series A convertible preferred stock and restricted common warrants to purchase about 16,000 shares of common stock. The Series A convertible preferred stock has a stated value of $50,000 a share.
The closing of the private placement is expected to occur on or about Sept. 9.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
September 05, 2025 10:17 ET (14:17 GMT)
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