m_and_a
confidence high
sentiment neutral
materiality 0.55
Nukkleus forms joint venture with Mandragola for aviation/defense in Baltics and Israel
T3 Defense Inc.
- Nukk Picolo holds 51% equity in JV; Mandragola 49%.
- Nukkleus to issue 310,000 restricted shares, plus 250,000 warrants at $4.40 and 350,000 performance warrants at $6.00.
- Mandragola provides up to $2M committed credit line over 24 months.
- JV targets NATO-compliant logistics hub in Riga, MRO, aircraft modernisation, de-icing technology.
- Nukkleus can acquire Mandragola's JV interest for stock based on formula (2x revenue or 8x EBITDA).
item 1.01item 3.02item 9.01