Nukkleus Announces Reverse Stock Split Shares Will Begin Trading on a Split-Adjusted Basis on October 24, 2024Jersey City, New Jersey, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Nukkleus, Inc. (
NASDAQNUKK), a FinTech and financial services company, today announced that it will effect a 1-for-8 reverse split of the issued shares of its common stock, effective at 12:01 a.m. Eastern Time on October 24, 2024. The Company's common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on Thursday, October 24, 2024. Following the reverse stock split, the Company’s common stock will continue to trade on The Nasdaq Global Market under the symbol “NUKK” with the new CUSIP number 67054R203.
Global Commercial Drone Usage Surging as Market Size Expected to Reach $93.78 Billion by 2033PALM BEACH, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - A commercial drone is defined as a quadcopter, octocopter, or hexacopter used for commercial purposes rather than personal and recreational use. Commercial drones operate in the same way that personal drones do. They are outfitted with flight control computers and sensors to hover and perform programmed movements. Commercial drones can do more than hover or fly back and forth. They are equipped with high-definition thermal cameras that allow the pilots to see what the drone sees in real-time. Furthermore, some drones can stay in the air for hours and fly hundreds of feet. Drones are deployed for various tasks, including filming and emergency response. Due to their capacity to survey the property, offer ongoing and accurate project alerts, increase safety, and prevent hazardous accidents on construction sites, these devices are also in high demand in the real estate and construction sectors. Drone business use cases have expanded significantly over the past few years. Designing, evaluating, and upgrading solutions for diverse markets is an ongoing task for market participants like drone producers and software providers. A recent report by Straits Research said that the global commercial drone market size was valued at USD 29.91 billion in 2024 and is expected to reach from USD 33.96 billion in 2025 to USD 93.78 billion by 2033, growing at a CAGR of 13.54% during the forecast period (2025–2033). Active Companies in the markets today include ParaZero Technologies Ltd. (
NASDAQPRZO), Nukkleus, Inc.
NASDAQ: NUKKNASDAQNUKK)
(NYSE: KULRNYSEKULR
, Silynxcom Ltd. (NYSE: SYNXNYSE
), Serve Robotics Inc. (NASDAQ: SERV
SERV).
Nukkleus Signs Term Sheet for Acquisition of Leading Cross Border Payments Firm Mercury Global
Nukkleus Inc. (
NASDAQNUKK), a pioneering force in the fintech industry, is excited to announce that it has signed a term sheet for the acquisition of Mercury Global, a leading cross-border payments firm with operations in London and South Africa. This significant step marks Nukkleus' strategic move to further strengthen its presence in the dynamic world of cross-border payments.
Goldman Sachs Acquires Stake in Fintech Trailblazer Nukkleus According to a Recent SEC FilingIn a recent development, financial giant Goldman Sachs has acquired a stake in Nukkleus Inc. (
NASDAQNUKK), a dynamic fintech aggregator dedicated to revolutionizing the financial services industry. According to a Schedule 13G filing with the United States Securities and Exchange Commission (SEC) today (February 13 th, 2024), Goldman Sachs purchased approximately 140,445 shares of Nukkleus' common stock on December 29, 2023, representing approximately ~1.01% of the company (based on the latest total outstanding shares figure shared by Nukkleus).
Nukkleus Appoints C. Derek Campbell to Board of Directors, Bolstering its Growing Footprint in Emerging Markets
Nukkleus Inc. (
NASDAQNUKK), a pioneering force in the fintech industry, is pleased to announce the appointment of C. Derek Campbell, an experienced business leader with strong ties to the emerging financial markets, to its Board of Directors. Campbell's appointment comes on the heels of Nukkleus' recent strategic collaboration with Tantel Group to expand the company's footprint in the African B2B payments market.
Nukkleus Announces Collaboration between DRFQ and Tantel Group to Expand Footprint in Africa
Nukkleus Inc. (
NASDAQNUKK) and its subsidiary, Digital RFQ (DRFQ), are excited to announce a new collaboration with Tantel Group to expand their footprint in the rapidly growing African B2B payments market, which the World Bank estimates to be valued at over $1.5 trillion.
Nukkleus Signs MOU to Substantially Increase Holdings in Jacobi Asset Management
Nukkleus Inc. (
NASDAQNUKK), a pioneering force in the fintech industry, today announced the signing of a Memorandum of Understanding (MOU) as of January 16, 2024, that contemplates a substantial increase in Nukkleus’ holdings in Jacobi Asset Management (“Jacobi”).
