Nukkleus Raises $10mln in Private Placement to Fund Aerospace Acquisitions

Nukkleus, Inc. has priced a private placement with Esousa Group Holdings and Sixth Borough Capital Fund for $9.5mln and $500,000, respectively. The total proceeds are expected to be $10mln, which will be used to fund the company's strategic acquisitions and expansion initiatives, including the acquisition of Tiltan Software Engineering Ltd. and 51% of Star 26 Capital.

Nukkleus, Inc. (NASDAQ: NUKK), a strategic acquirer and developer of high-potential businesses in the Aerospace and Defense (A&D) industries, has priced a private placement with Esousa Group Holdings, LLC, and Sixth Borough Capital Fund, LP. The private placement, led by Esousa Group Holdings with a $9.5 million investment and Sixth Borough Capital Fund with a $500,000 investment, is expected to generate gross proceeds of approximately $10.0 million. After deducting placement agent fees and other offering expenses, the net proceeds will be used to fund the company's strategic acquisitions and expansion initiatives [1].

The company intends to use the funds to acquire Tiltan Software Engineering Ltd., an AI software provider for the defense market, and 51% of Star 26 Capital, a defense company that holds 100% ownership in RIMON, a leading Israeli supplier of components for the Iron Dome missile defense system. Additionally, Nukkleus plans to establish advanced manufacturing zones in the Baltics and Israel, via a joint venture with Mandragola Ltd., and commercialize a drone payload license from Blade Ranger Ltd. [1].

The private placement consists of the issuance of 200 units, with each unit priced at $50,000. Each unit includes a restricted share of Series A convertible preferred stock and restricted common warrants to purchase 15,957 shares of common stock. The Series A convertible preferred stock has a stated value of $50,000 per share and is convertible into unregistered shares of common stock based on a conversion price of $4.89 per share [1].

The closing of the private placement is expected to occur on or about September 9, 2025, subject to the satisfaction of certain customary closing conditions [1].

References:
[1] https://www.globenewswire.com/news-release/2025/09/05/3145294/0/en/Nukkleus-Inc-Announces-Strategic-10-0-Million-Private-Placement-Priced-At-the-Market.html