Nukkleus prices SC II units at $10.00 per unit in initial public offering

Nukkleus (NUKK) announced the pricing of the initial public offering of the newly formed special purpose acquisition company, SC II Acquisition Corp. for which the Company is the majority owner of SC II’s sponsor. SC II expects to raise gross proceeds of $150 million in the initial public offering through the sale of its units at an offering price of $10.00 per unit, and each unit will consist of one Class A ordinary share and one right to receive one fifth of a Class A ordinary share upon the consummation of an initial business combination. SC II has also granted the underwriters an option to purchase up to an additional $22.5M of units in the initial public offering. SC II units will be listed on the Nasdaq Global Market under the symbol “SCIIU.” The initial public offering is expected to close on or about November 28. SC Capital II Sponsor, a Delaware limited liability company and indirect subsidiary of the Company, in which the Company holds a majority interest, is acting as the sponsor of SC II. Simultaneously with the closing of the initial public offering, pursuant to a Sponsor Private Placement Units Purchase Agreement, dated November 25, by and between SC II and the Sponsor, the Sponsor will acquire 255,000 Units at a price of $10.00 per Sponsor Unit. Menachem Shalom, CEO of Nukkleus, serves as the CEO of SC II. D. Boral Capital is acting as the sole book-running manager for the initial public offering.