financetom
Business
financetom
/
Business
/
Nukkleus to Acquire Star 26 Capital; Shares Rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nukkleus to Acquire Star 26 Capital; Shares Rise
Sep 16, 2025 7:53 AM

10:36 AM EDT, 09/16/2025 (MT Newswires) -- Nukkleus ( NUKK ) said Tuesday that it has entered an amended agreement to acquire 100% of Star 26 Capital.

Financial details weren't provided.

This deal builds on an earlier announcement from December when Nukkleus ( NUKK ) planned to acquire 51% of Star 26 with an option to buy the remainder, the company said, adding that the transaction is still pending and requires shareholder approval.

Star 26 bought Rimon, an Israeli supplier of key components for the Iron Dome, and also took over 67% of smart hydration technology company Water.io, which recently announced a potential acquisition of Zorronet, a company developing artificial intelligence-powered unmanned control rooms and integrated security platforms. These businesses will be added to Nukkleus' ( NUKK ) growing defense portfolio after the deal closes, the company said.

Shares of Nukkleus ( NUKK ) rose nearly 14% in recent trading.

Price: 5.87, Change: +0.72, Percent Change: +13.98

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Strathcona Resources Confirms Filing Of Amended Offer For MEG Energy And Reaffirms Willingness To Enter Into Supported Transaction
BRIEF-Strathcona Resources Confirms Filing Of Amended Offer For MEG Energy And Reaffirms Willingness To Enter Into Supported Transaction
Sep 11, 2025
Sept 11 (Reuters) - MEG Energy Corp ( MEGEF ): * STRATHCONA RESOURCES LTD. ( STHRF ) CONFIRMS FILING OF AMENDED OFFER FOR MEG ENERGY CORP. AND REAFFIRMS WILLINGNESS TO ENTER INTO SUPPORTED TRANSACTION FOLLOWING CENOVUS ENERGY INC.'S ELECTION NOT TO MATCH STRATHCONA'S SUPERIOR PROPOSAL * STRATHCONA RESOURCES LTD ( STHRF ): STRATHCONA'S AMENDED OFFER IS UNEQUIVOCALLY SUPERIOR TO MEG...
Apple watch's hypertension detection coming next week after FDA nod, Bloomberg reports
Apple watch's hypertension detection coming next week after FDA nod, Bloomberg reports
Sep 11, 2025
Sept 11 (Reuters) - Apple ( AAPL ) said its hypertension detection system for its smart watch will arrive next week after receiving clearance on Thursday from the U.S. Food and Drug Administration, Bloomberg News reported. Reuters could not immediately confirm the report. ...
Strathcona Resources Ltd. Confirms Filing of Amended Offer for MEG Energy Corp. and Reaffirms Willingness to Enter into Supported Transaction Following Cenovus Energy Inc.'s Election Not to Match Stra
Strathcona Resources Ltd. Confirms Filing of Amended Offer for MEG Energy Corp. and Reaffirms Willingness to Enter into Supported Transaction Following Cenovus Energy Inc.'s Election Not to Match Stra
Sep 11, 2025
CALGARY, AB, Sept. 11, 2025 /PRNewswire/ - Strathcona Resources Ltd. ( STHRF ) (Strathcona) today announced the filing and mailing of its Notice of Variation, Change and Extension in connection with its offer (as varied, the Amended Offer) to acquire all of the outstanding common shares (MEG Shares) of MEG Energy Corp. ( MEGEF ) (MEG) not already owned by...
PRESS DIGEST-Financial Times - September 12
PRESS DIGEST-Financial Times - September 12
Sep 11, 2025
Sept 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Nvidia ( NVDA ) and OpenAI to back major UK investment in artificial intelligence - OpenAI and Microsoft ( MSFT ) sketch out deal to unlock for-profit restructuring - Paramount Skydance...
Copyright 2023-2026 - www.financetom.com All Rights Reserved