On May 28, 2024, Nukkleus Inc. entered into a Settlement Agreement with Silverback Capital Corporation to resolve outstanding claims. Under the agreement, Silverback Capital will purchase payables from Nukkleus Inc. amounting to $1,118,953.75 and convert these into shares of common stock in the company. The shares will be priced at 70% of the average of the three lowest trading prices in the five days before a share request, with a minimum price of $0.05 per share. The agreement stipulates that Silverback Capital cannot own more than 4.99% of Nukkleus Inc.'s common stock at any time and the issuance of shares to Silverback Capital is capped at 19.9% of the outstanding common stock as of May 23, 2024. The Circuit Court of the Twelfth Judicial Circuit Court for Manatee County, Florida approved the Settlement Agreement on May 29, 2024. The issuance of the Settlement Shares is exempt from registration under Section 3(a)(10) of the Securities Act of 1933.

On May 28, 2024, Nukkleus Inc. entered into a Settlement Agreement with Silverback Capital Corporation to resolve outstanding claims. Under the agreement, Silverback Capital will purchase payables from Nukkleus Inc. amounting to $1,118,953.75 and convert these into shares of common stock in the company. The shares will be priced at 70% of the average of the three lowest trading prices in the five days before a share request, with a minimum price of $0.05 per share. The agreement stipulates that Silverback Capital cannot own more than 4.99% of Nukkleus Inc.'s common stock at any time and the issuance of shares to Silverback Capital is capped at 19.9% of the outstanding common stock as of May 23, 2024. The Circuit Court of the Twelfth Judicial Circuit Court for Manatee County, Florida approved the Settlement Agreement on May 29, 2024. The issuance of the Settlement Shares is exempt from registration under Section 3(a)(10) of the Securities Act of 1933.