The latest announcement is out from Nukkleus ( (NUKK) ).
On November 8, 2024, a company finalized several strategic agreements, including the sale of common stock and conversion of debt into equity, which are expected to bolster its financial stability. Changes in the Board of Directors were also made, appointing independent members Tomer Nagar and Aviya Volodarsky. Additionally, the company amended its Bylaws to reduce the quorum requirement for stockholder meetings, aiming for more efficient governance. Despite regaining compliance with Nasdaq’s bid price rule, the company still faces challenges meeting other Nasdaq listing requirements.
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