Nukkleus (NUKK) is up by 3,500% over the last two days and this is a preview of the run One Stop Systems (OSS) will make in 1Q 2025.
NUKK is a failed Crypto company that did a reverse split, and then announced yesterday that they are acquiring a controlling 51% interest in Star 26 Capital Inc. a company that owns 95% of B. Rimon Agencies Ltd.
NUKK is promoting Rimon as a company that is somehow involved in the technology behind Israel's Iron Dome.
The truth is, Rimon purchases diesel generators from Germany and distributes them in Israel. Some of these diesel generators may get used to power the Iron Dome.
Rimon doesn't produce any missile defense technology behind the Iron Dome, but people are so desperate for any kind of small-cap defense technology stock that NUKK has gained by 3,500% in two days to a closing price today of $50.79 per share.
NUKK has 3.54 million shares outstanding for a current market cap of $179.8 million, but NUKK is issuing the seller 2,385,170 shares of common stock plus 6,907,859 warrants to purchase shares at $1.50 per share for 51% of Star 26 Capital. Plus, NUKK is issuing 720,000 warrants to purchase shares at $1.50 per share to have an option to buy the other 49% of Star 26 Capital. If NUKK decides to buy the remaining 49% of Star 26 Capital Inc. it will be issuing another 2,385,170 shares and another 5,109,789 warrants to purchase shares at $1.50.
So basically, if NUKK buys 100% of Star 26 Capital Inc. it will have 21.05 million shares outstanding. NUKK's market cap at $50.79 per share will be $1.07 billion for a 95% stake in B. Rimon Agencies Ltd. a company that buys diesel generators from Germany, imports them to Israel, and sells some of them to the government for them to use to power the Iron Dome!
We have no idea how much revenue this B. Rimon Agencies Ltd. generates but you can visit their web site by clicking here. It doesn't look like 95% of it is worth $1.07 billion!
Imagine what One Stop Systems (OSS) will be worth by the end of 1Q 2025 after reporting massive 4Q 2024 revenue growth and signing a massive new U.S. Army contract to begin retrofitting our 13,700 Army tanks! Plus, many more contracts are likely coming... so OSS will be an easy 5-10 bagger!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.