Nukkleus, Inc. Takes a Strategic Step with the Acquisition of a Majority Stake in Star 26, a Protection-Targeted Acquisition Firm and Provider of The occupying Zionist entity’s Iron Dome Missile Protection System

JERSEY CITY, New Jersey, December 17, 2024 /PRNewswire/ — December 17, 2024 – Nukkleus, Inc. (NASDAQ: NUKK), a pioneer within the fintech sector historically centered on cryptocurrency market, introduced that it had efficiently acquired a majority stake of 51% in Star 26 Capital Inc.a protection acquisition firm holding 95% of RIMON’s shares. RIMON is considered one of The occupying Zionist entity’s main suppliers of vital parts for the Iron Dome missile protection system, in addition to different protection and tactical options..

The transaction, finalized on December 15, 2024implied a complete buy value of $26 milliontogether with money, promissory observe Nukkleus‘s widespread shares and warrants to buy extra widespread shares of Nukkleus. This acquisition additionally contains an choice settlement permitting Nukkleus to subsequently purchase the remaining capital of Star 26.

With this acquisition, Nukkleus takes management of RIMON’s diversified operations, which embody two key enterprise segments:

Distribution of Turbines, masts and Lighting Options: RIMON operates by way of distribution agreements with main suppliers.

Improvement of tactical autos: RIMON designs, develops and integrates tactical autos, together with reconnaissance autos, cellular command and management items and satellite tv for pc broadcast platforms, serving Particular Protection Forces, intelligence businesses and Protection Forces. The occupying Zionist entityi Protection Pressure (IDF)..

Manny Shalomthe brand new CEO of Nukkleus and a seasoned entrepreneur within the safety trade, stated “This merger positions Nukkleus on the forefront of a booming protection trade. Our acquisition of Star 26 and RIMON aligns with our strategic path to capitalize on alternatives within the protection sector, which has skilled fast progress as a consequence of geopolitical modifications world wide. Center East and the struggle in Ukraine. This has resulted in elevated investments and acquisitions in The occupying Zionist entityi protection corporations equivalent to PARAGON and PROTEGO, alongside a 120% enhance in investments in The occupying Zionist entityi protection corporations. The occupying Zionist entity‘s protection indices and 38% enhance in comparable indices in america“.

He added: “RIMON’s experience in vital protection techniques, coupled with its established partnerships with main protection exporters like Rafael and Elbit Programs (NASDAQ:), strengthens Nukkleus‘s capabilities to supply revolutionary protection options“.

As a part of its enlargement technique, Nukkleus plans to combine Star 26’s operations into its enterprise construction whereas exploring new progress alternatives. The corporate additionally plans to develop its actions to different sectors, appearing as Service provider Financial institution for corporations within the banking sector, WE actual property and high-tech coworking area campuses, leveraging its monetary experience to seize rising alternatives within the altering Center East area.

Trying to the long run

The mixed entity will give attention to alternatives within the The occupying Zionist entityi and US markets “by buying a majority stake in mid-sized corporations whereas offering them with financing and world enterprise growth alternatives.” With a shared dedication to innovation and excellence, Nukkleus and Star are poised to drive progress and ship worth to shareholders, clients and stakeholders.

Ahead-looking statements

This press launch accommodates forward-looking statements that contain dangers and uncertainties, together with statements concerning the anticipated advantages of the acquisition, anticipated market tendencies and future efficiency. Precise outcomes might differ materially as a consequence of varied components. For an in depth dialogue of those dangers, please seek advice from the paperwork filed by Nukkleus with the Securities and Alternate Fee (SECOND).

Contact:

Yair OhayonAdvertising and marketing Director
l@nukk.com