On September 10, 2024, Nukkleus issued a $125,000 Senior Unsecured Promissory Note to X Group Fund of Funds, following a $312,500 note issued on June 11. Both notes bear 12% annual interest, due in six months. The June note included a warrant for 1.2 million shares at $0.25 per share.Effective September 4, Jamal Khurshid resigned as CEO and director. The board expanded from six to seven members, appointing David Rokach and Menachem Shalom as directors. Shalom, 49, was also named CEO. He previously served as CEO of Motomova Inc and Hold Me Ltd, with experience in digital platforms and startups.David Rokach, 55, is the founder and CEO of Tokara Management Ltd and a Senior Investment Manager at X Group Fund of Funds, which provided loans to Nukkleus. The new appointments are part of a Settlement Agreement between the lender and former executives.

On September 10, 2024, Nukkleus issued a $125,000 Senior Unsecured Promissory Note to X Group Fund of Funds, following a $312,500 note issued on June 11. Both notes bear 12% annual interest, due in six months. The June note included a warrant for 1.2 million shares at $0.25 per share.Effective September 4, Jamal Khurshid resigned as CEO and director. The board expanded from six to seven members, appointing David Rokach and Menachem Shalom as directors. Shalom, 49, was also named CEO. He previously served as CEO of Motomova Inc and Hold Me Ltd, with experience in digital platforms and startups.David Rokach, 55, is the founder and CEO of Tokara Management Ltd and a Senior Investment Manager at X Group Fund of Funds, which provided loans to Nukkleus. The new appointments are part of a Settlement Agreement between the lender and former executives.