11:40 AM EDT, 09/05/2025 (MT Newswires) -- Nukkleus ( NUKK ) shares rose 6.6% in recent Friday trading after the defense technology company priced a $10 million private placement, led by a $9.5 million investment by Esousa Group Holdings with $500,000 by Sixth Borough Capital Fund.

As part of the placement, the company agreed to issue 200 units at $50,000 apiece, each comprised of a restricted series A convertible preferred share and restricted common warrants to buy 15,957 common shares, according to a statement.

Each series A preferred share has a value of $50,000 and is convertible into 10,224 unregistered common shares at $4.89 apiece, the company said Friday in a statement. Each warrant offers the right to buy one unregistered common share, exercisable at $5.405 apiece, the company said.

Net proceeds will be used to support recent acquisitions and expansion initiative, the company said

The placement is expected to close around Tuesday.

Price: 5.03, Change: +0.31, Percent Change: +6.57