Nukkleus announced the resignation of CEO Jamal Khurshid effective September 4, 2024, following a Settlement Agreement with X Group Fund of Funds. The company appointed Menachem Shalom as the new CEO and board member, alongside David Rokach as a new director, expanding the board from six to seven members.The company issued a $125,000 Senior Unsecured Promissory Note to X Group Fund of Funds on September 10, 2024, receiving $100,000 in cash proceeds. This follows a previous June 2024 Note of $312,500 issued to the same lender. Both notes carry a 12% annual interest rate and are due in six months, with conversion rights at $0.25 per share.Menachem Shalom, 49, brings extensive experience as CEO of multiple technology companies, including Motomova Inc and Hold Me Ltd. David Rokach, 55, joins as director while serving as CEO of Tokara Management Ltd and Senior Investment Manager at X Group Fund of Funds since 2020.

Nukkleus announced the resignation of CEO Jamal Khurshid effective September 4, 2024, following a Settlement Agreement with X Group Fund of Funds. The company appointed Menachem Shalom as the new CEO and board member, alongside David Rokach as a new director, expanding the board from six to seven members.The company issued a $125,000 Senior Unsecured Promissory Note to X Group Fund of Funds on September 10, 2024, receiving $100,000 in cash proceeds. This follows a previous June 2024 Note of $312,500 issued to the same lender. Both notes carry a 12% annual interest rate and are due in six months, with conversion rights at $0.25 per share.Menachem Shalom, 49, brings extensive experience as CEO of multiple technology companies, including Motomova Inc and Hold Me Ltd. David Rokach, 55, joins as director while serving as CEO of Tokara Management Ltd and Senior Investment Manager at X Group Fund of Funds since 2020.