Nukkleus Inc. Acquires Controlling Stake in Star 26 Capital (Gaining Control of RIMON)

December 17, 2024

Nukkleus, Inc. (NASDAQ: NUKK) acquired a 51% controlling stake in Star 26 Capital Inc. (closing Dec. 15, 2024), which holds a 95% ownership interest in Israeli defense supplier RIMON. The deal (paid with cash, a promissory note, Nukkleus common stock and warrants) gives Nukkleus control of RIMON's defense component distribution and tactical vehicle businesses as part of a strategic pivot into the defense sector and expansion into Israeli and U.S. markets.

Buyers
Nukkleus, Inc.
Targets
Star 26 Capital Inc., RIMON
Location
Israel
Transaction Type
Buyout

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