Nukkleus (NUKK) said late Wednesday it priced a private placement of 1.7 million units at $6 per unit for gross proceeds of $10 million.
Each unit consists of one share of restricted common stock and warrants exercisable for one and one-half of shares of restricted common stock at $6 per share.
The company said the placement is with a single New York-based family office investor.
Net proceeds from the offering, which is expected to close around Thursday, will be used to finance the proposed acquisition of Star 26 Capital, a defense acquisition company holding 95% ownership in RIMON, as well as for general corporate purposes and working capital.
Shares of the company fell more than 16% in premarket activity Thursday.
Price: 42.49, Change: -8.30, Percent Change: -16.34
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.