m_and_a
confidence high
sentiment positive
materiality 0.85
Nukkleus to Acquire 100% of Star 26 for $21M plus stock and warrants; deal subject to shareholder vote
T3 Defense Inc.
- Purchase price includes $16M promissory note, $5M cash, 4.77M shares, warrants for 12M shares at $1.50, $3M cash, and $3M 6-month note at 8%.
- Star 26 holds Rimon (Iron Dome generator supplier), 67% of Water.IO, and a convertible loan to ITS/Positech.
- Closing requires Nukkleus shareholder approval and Nasdaq listing compliance; failure triggers $3M liquidated damages.
- CEO Menachem Shalom is controlling shareholder of both Nukkleus and Star 26; deal is related-party transaction.
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