Nukkleus (NUKK) announced the pricing of a private placement led with a $9,500,000 investment by Esousa Group Holdings, a New York-based family office, and $500,000 investment by Sixth Borough Capital Fund. The aggregate gross proceeds from the private placement are expected to be approximately $10M, before deducting placement agent fees and other offering expenses payable by the Company.
The Company intends to use the net proceeds from the private placement to fund its previously announced, pending strategic acquisitions and business expansion initiatives. In connection with the private placement, the Company has agreed to issue an aggregate of 200 units. Each unit will be sold at a price per unit of $50,000.00, and will consist of a restricted share of Series A convertible preferred stock and restricted common warrants to purchase 15,957 shares of common stock. The Series A convertible…