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Nukkleus ( (NUKK) ) has issued an update.
On August 28, 2025, Nukkleus Inc. and its subsidiary Nukk Picolo Ltd. entered into a joint venture with Mandragola Ltd. to establish a JV Company in Israel, aimed at creating advanced manufacturing zones in the Baltics and Israel to support aviation needs. The joint venture plans to develop a NATO-compliant logistics hub in Riga and facilities for aircraft maintenance, repair, and leasing. Nukk Picolo will hold a 51% equity interest in the JV Company, with Mandragola providing a $2 million credit line and receiving restricted shares and warrants from Nukkleus. The agreement allows Nukkleus to acquire Mandragola’s interest under certain conditions, potentially impacting the company’s market positioning and stakeholder interests.
More about Nukkleus
Nukkleus Inc. operates in the aviation industry, focusing on advanced manufacturing and logistics solutions. The company is involved in civil and defense aviation, offering services such as maintenance, repair, aircraft modernization, resale, and leasing. Nukkleus is also engaged in developing NATO-compliant logistics hubs and has recently licensed exclusive de-icing technology for commercial aircraft.
Average Trading Volume: 1,195,883
Technical Sentiment Signal: Sell
Current Market Cap: $26.1M
See more data about NUKK stock on TipRanks’ Stock Analysis page.