Latest news with #MennyShalom
Associated Press
30-06-2025
- Business
- Associated Press
Nukkleus Added to Russell Microcap Index
NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- Nukkleus Inc. (NASDAQ: NUKK), a company pursuing a highly disciplined global M&A strategy in the Aerospace & Defense (A&D) industry, today announced that it was added to the Russell Microcap Index, effective after the US market opens on June 30, 2025, as part of the 2025 Russell indexes reconstitution. In December 2024, the Company announced its plan to acquire a 51% controlling interest in Star 26 Capital Inc., which holds 100% of B. Rimon Agencies Ltd., an Israeli corporation that supplies defense related products including energy generators for Israeli's 'Iron Dome' launchers. Closing is subject to the satisfaction of closing conditions, including shareholder vote. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Wednesday, April 30th, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Menny Shalom, Nukkleus CEO commented, 'Inclusion in the Russell Microcap Index represents a meaningful milestone for Nukkleus as we continue executing our disciplined M&A strategy within the Aerospace & Defense sector. We believe this recognition will enhance our visibility among institutional investors who use Russell indexes as benchmarks and broaden awareness of our long-term growth strategy focused on building value for our shareholders.' Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell's US indexes serve as the benchmark for about $10.6 trillion in assets as of the close of June 2024. Russell indexes are part of FTSE Russell, the global index provider. For more information on the Russell Microcap Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website. About Nukkleus Inc. Nukkleus Inc. (NASDAQ: NUKK) focuses on acquiring and scaling mission-critical suppliers across the defense, aerospace, and advanced manufacturing sectors. With operations in the United States and Israel, Nukkleus targets Tier 2 and Tier 3 companies that form the industrial backbone of national security infrastructure. Through its proprietary capital model, Nukkleus integrates operational capabilities, financial discipline, and long-term vision to modernize and expand strategic suppliers—supporting dual-use innovation and resilient supply chains. The company's portfolio approach combines organic growth with disciplined M&A, enabling transformational scale and positioning Nukkleus at the core of 21st-century defense industrial strategy. About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell. Forward-Looking Statements This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are 'forward-looking statements' within the meaning of federal securities laws. In some cases, you can identify forward-looking statements by terminology such as 'will,' 'would,' 'expect,' 'intend,' 'plan,' 'objective,' or comparable terminology referencing future events, conditions or circumstances, or the negative of such terms. Although Nukkleus believes that it has a reasonable basis for the forward-looking statements contained in this press release, they are based on management's current beliefs and expectations about future events and circumstances and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company's control. Risk factors described under 'Risk Factors' in Nukkleus' most recently filed annual report on Form 10-K, as updated from time to time in its quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements in this press release. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Nukkleus undertakes no obligation to update any forward-looking statement contained in this press release to reflect events that occur or circumstances that exist after the date of this press release, except as required by law. For more information, please contact: Investor Relations Contacts (US): The Equity Group Inc. Lena Cati [email protected] +1 (212) 836-9611 Val Ferraro [email protected] +1 (212) 836-9633
Yahoo
29-05-2025
- Business
- Yahoo
Kochav Defense Acquisition Corp. Announces Completion of $253 Million IPO
New York, NY, May 29, 2025 (GLOBE NEWSWIRE) -- Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) (the 'Company') today announced the closing of its initial public offering of 25,300,000 units, at a price of $10.00 per unit, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, resulting in gross proceeds of $253,000,000. The Company's units are listed on the Nasdaq Global Market ('Nasdaq') under the symbol 'KCHVU' and began trading on May 28, 2025. Each unit issued in the offering consists of one Class A ordinary share of the Company and one right to receive one seventh (1/7) of a Class A ordinary share upon the consummation of the Company's initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols 'KCHV' and 'KCHVR,' respectively. Concurrently with the closing of the initial public offering, the Company closed on a private placement of 524,050 units at a price of $10.00 per unit, resulting in gross proceeds of $5,240,500. The private placement units are identical to the units sold in the initial public offering, subject to certain limited exceptions as described in the final prospectus. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographical location, it intends to focus on the defense and aerospace industries. The Company's management team is led by Menny Shalom, its Chief Executive Officer and a director, and Asaf Yarkoni, its Chief Financial Officer. Doron Dovrat, Yair Ramati and Gill Zaphrir are independent directors. SPAC Advisory Partners LLC, a division of Kingswood Capital Partners, LLC, acted as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP, and Appleby (Cayman) Ltd., served as legal counsel to the Company, and Loeb & Loeb LLP served as legal counsel to the underwriters. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on May 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@ Copies of the registration statement can be accessed through the SEC's website at Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the anticipated use of the net proceeds and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and final prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law. Contact Information: Kochav Defense Acquisition Corp. Menny Shalomms@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
28-05-2025
- Business
- Globe and Mail
Kochav Defense Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering
New York, NY, May 27, 2025 (GLOBE NEWSWIRE) -- Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) (the 'Company') today announced the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The Company's units are expected to be listed on the Nasdaq Global Market ('Nasdaq') and trade under the ticker symbol 'KCHVU' beginning May 28, 2025. Each unit to be issued in the offering consists of one Class A ordinary share of the Company and one right to receive one seventh (1/7) of a Class A ordinary share upon the consummation of the Company's initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols 'KCHV' and 'KCHVR,' respectively. The closing of the offering is expected to close on May 29, 2025, subject to customary closing conditions. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographical location, it intends to focus on the defense and aerospace industries. The Company's management team is led by Menny Shalom, its Chief Executive Officer and a director, and Asaf Yarkoni, its Chief Financial Officer. Doron Dovrat, Yair Ramati and Gill Zaphrir are independent directors. SPAC Advisory Partners LLC, a division of Kingswood Capital Partners, LLC, acted as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP, and Appleby (Cayman) Ltd., served as legal counsel to the Company, and Loeb & Loeb LLP served as legal counsel to the underwriters. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on May 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@ Copies of the registration statement can be accessed through the SEC's website at Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law. Contact Information:
Yahoo
27-05-2025
- Business
- Yahoo
Kochav Defense Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering
New York, NY, May 27, 2025 (GLOBE NEWSWIRE) -- Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) (the 'Company') today announced the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The Company's units are expected to be listed on the Nasdaq Global Market ('Nasdaq') and trade under the ticker symbol 'KCHVU' beginning May 28, 2025. Each unit to be issued in the offering consists of one Class A ordinary share of the Company and one right to receive one seventh (1/7) of a Class A ordinary share upon the consummation of the Company's initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols 'KCHV' and 'KCHVR,' respectively. The closing of the offering is expected to close on May 29, 2025, subject to customary closing conditions. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographical location, it intends to focus on the defense and aerospace industries. The Company's management team is led by Menny Shalom, its Chief Executive Officer and a director, and Asaf Yarkoni, its Chief Financial Officer. Doron Dovrat, Yair Ramati and Gill Zaphrir are independent directors. SPAC Advisory Partners LLC, a division of Kingswood Capital Partners, LLC, acted as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP, and Appleby (Cayman) Ltd., served as legal counsel to the Company, and Loeb & Loeb LLP served as legal counsel to the underwriters. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on May 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@ Copies of the registration statement can be accessed through the SEC's website at Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements,' including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law. Contact Information: Kochav Defense Acquisition Shalomms@
Yahoo
13-02-2025
- Business
- Yahoo
Nukkleus Expands Its Focus on the Defense Sector, Strengthens Capital Structure as it takes Initial Steps Toward Star 26 Acquisition
NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Nukkleus Inc. (NASDAQ: NUKK) continues to advance its strategic realignment toward the defense sector, announcing that it has formally submitted a preliminary proxy to the Securities and Exchange Commission with respect to the proposed acquisition of Star 26 Capital Inc.. This milestone follows the company's strong market momentum since the announcement of the proposed Star 26 transaction, underscoring investor confidence in Nukkleus' expansion strategy. This move is further supported by enhanced financial flexibility, achieved through the reduction of liabilities and the termination of agreements that placed a financial burden on the company, freeing up a significant amount of capital, allowing for a more streamlined capital structure and enabling the company to allocate another $5 million more effectively toward high-growth defense assets. Nukkleus has also submitted a Form S-1 registration statement registering for resale the shares of common stock issued or issuable in connetion with its recent $10 million private placement which further reinforced its financial foundation for the Star 26 acquisition and future expansion. Star 26 and Rimon: Driving Strategic Expansion Star 26 Capital Inc. is an acquisition-focused entity designed to identify and revitalize undervalued businesses by implementing strategic restructuring and operational improvements. Star 26 focuses on creating a strategic ecosystem of interconnected companies within the defense, industrial, and technology sectors, fostering synergy and innovation across its portfolio. As part of its core holdings, Star 26 owns a 95% stake in Rimon, a specialized supplier providing critical components for advanced military systems, including Israel's Iron Dome. Through its restructuring expertise, Star 26 aims to enhance Rimon's operational efficiency and market reach, allowing it to better serve defense and aerospace clients while expanding its technological capabilities. By integrating Star 26 into its broader corporate strategy, Nukkleus is seeking to execute value-driven acquisitions in emerging markets, including defense-related technologies. Momentum for Expansion and Additional Acquisitions Since the initial announcement of the proposed Star 26 acquisition, Nukkleus has experienced increased investor interest, further reinforcing its commitment to scaling its acquisition strategy. In addition to finalizing this transaction, Star 26 is actively exploring additional opportunities, seeking companies that align with its turnaround-focused investment model. Strategic Positioning for Long-Term Growth "Star 26 represents a unique approach to acquisition and value creation," said Menny Shalom, CEO of Nukkleus. "Rather than simply acquiring businesses, Star 26 specializes in restructuring and revitalizing companies with strong potential. With the goal of integrating Star 26 into our corporate portfolio, we are leveraging its expertise in business transformation to drive long-term growth. The additional financial flexibility we have created, combined with the new capital inflows, places us in a strong position to execute our strategy effectively." While we continue to take steps with the goal of obtaining shareholder approval of the Star acquisition, Nukkleus remains focused on accelerating its transformation and expanding its portfolio of high-value businesses. About Nukkleus Inc. Nukkleus, Inc. (NASDAQ: NUKK) is a Nasdaq company focused on innovative acquisition companies specializing in identifying, acquiring, and transforming high-potential businesses across key sectors, including defense, financial services, real estate, industrial, and technology. Focused on driving growth, innovation, and operational excellence, Nukkleus combines strategic investments with unparalleled expertise to foster collaboration and sustainable value creation. By leveraging market insights and advanced solutions, the company accelerates growth and ensures long-term success for its portfolio businesses, reshaping industries and delivering measurable returns for stakeholders. Forward-Looking Statements This press release contains forward-looking statements. All statements other than statements of historical facts are "forward-looking statements" within the meaning of federal securities laws. In some cases, you can identify forward-looking statements by terminology such as "will," "would," "expect," "intend," "plan," "objective," or comparable terminology referencing future events, conditions or circumstances, or the negative of such terms. Although Nukkleus believes that it has a reasonable basis for the forward-looking statements contained in this press release, they are based on management's current beliefs and expectations about future events and circumstances and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company's control. Risk factors described under "Risk Factors" in Nukkleus' most recently filed annual report on Form 10-K, as updated from time to time in its quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements in this press release. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Nukkleus undertakes no obligation to update any forward-looking statement contained in this press release to reflect events that occur or circumstances that exist after the date of this press release, except as required by law For more information, please contact: YAIR OHAYONCMOEmail: y@ View original content: SOURCE Nukkleus Inc.
