Nukkleus announced a 1-for-8 reverse stock split effective October 24, 2024, aimed at regaining compliance with Nasdaq's $1.00 minimum bid price requirement. The company has until November 4, 2024, to meet this requirement by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days.The reverse split will reduce outstanding shares from approximately 16.9 million to 2.1 million, with the stock continuing to trade under the symbol "NUKK" with a new CUSIP number. No fractional shares will be issued, and stockholders will receive rounded-up shares. The split will not alter stockholders' percentage ownership or voting power, except for minor adjustments from fractional shares.Separately, shareholders approved increasing authorized shares from 40 million to 150 million at the October 11, 2024 annual meeting. Continental Stock Transfer & Trust Company will manage the exchange process for stockholders holding certificated shares and update electronic book-entry positions accordingly.

Nukkleus announced a 1-for-8 reverse stock split effective October 24, 2024, aimed at regaining compliance with Nasdaq's $1.00 minimum bid price requirement. The company has until November 4, 2024, to meet this requirement by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days.The reverse split will reduce outstanding shares from approximately 16.9 million to 2.1 million, with the stock continuing to trade under the symbol "NUKK" with a new CUSIP number. No fractional shares will be issued, and stockholders will receive rounded-up shares. The split will not alter stockholders' percentage ownership or voting power, except for minor adjustments from fractional shares.Separately, shareholders approved increasing authorized shares from 40 million to 150 million at the October 11, 2024 annual meeting. Continental Stock Transfer & Trust Company will manage the exchange process for stockholders holding certificated shares and update electronic book-entry positions accordingly.