M&A: Nukkleus Inc.
Form Type: 8-K
Filing Date: 2025-01-03
Corporate Action: Acquisition
Type: New
Accession Number: 000121390025000734
Comments: On December 27, 2024, Nukkleus Inc. entered into a Share Purchase Agreement providing for the sale of its wholly owned subsidiary, Digital RFQ Limited, to Jamal Khurshid, pending shareholder approval. The consideration for the sale is £1,000. This decision follows a prior Settlement Agreement whereby Match Financial Limited, another subsidiary of the Company, agreed to sell Digital RFQ Limited due to ongoing losses. The Company aims to refocus its efforts within the defense sector, believing this sale is in the best interest of its future operations.
Document Link: View Document
Additional details:
Date Of Report: 2024-12-27
Subsidiary Sold: Digital RFQ Limited
Purchaser: Jamal Khurshid
Sale Price: £1,000
Reason For Sale: continuing net loss generated by DRFQ
New Focus: defense sector
Shareholder Approval Required: true