M&A
confidence high
sentiment positive
materiality 0.70
T3 Defense Inc. (DFNS): M&A transaction — Nukkleus acquires Israeli drone company Nimbus for shares and $3.25M convertible note
T3 Defense Inc.
- Consideration: 1,850,000 restricted shares of common stock plus $3.25M convertible note (6% interest, 24-month, convertible at $2.00/share).
- Nimbus reported FY 2025 revenues of approximately $940,000.
- Acquisition expands Nukkleus' defense portfolio into UAV and counter-UAS technology.
- Nimbus, founded in 2024, is an Israeli aerospace robotics company specializing in customized unmanned aerial systems.
- Note prohibits conversion that would result in beneficial ownership exceeding 4.99% of outstanding common shares.